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Runway Growth Credit Fund Closes $20MM Credit Facility for Mobius Imaging

January 25, 2019, 06:00 AM
Filed Under: Medical

Runway Growth Capital announced that it has provided up to $20 million in senior secured debt financing to Mobius Imaging, LLC, a Shirley, Massachusetts- based health care technology company. Mobius will use the capital to support its continued growth, next generation product development, and scale up the business.

Mobius manufactures and markets advanced intraoperative CT imaging products for use in operating rooms that reduce radiation exposure. The company currently has in market the Airo, an FDA approved mobile CT imaging device for use in the operating room. Its pipeline includes two additional CT products.

"We believe Mobius' unique CT scanning capabilities will create a new standard for interoperative imaging, improving safety for both surgeons and patients," said Runway Growth's CEO, David Spreng. Mobius President & CEO, Eugene Gregerson, said "We are excited to partner with Runway Growth to support our continued expansion. Many other lenders focus on companies with traditional venture capital investment, but Runway's expertise and ability to understand our business allowed them to provide a loan structure that fits our growth goals."

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