Horizon Technology Finance Leads $15 Million Venture Loan Facility to Spineology
FARMINGTON, Conn., Sept. 20, 2021 /PRNewswire/ --Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $15 million venture loan facility to Spineology, Inc. ("Spineology"), of which Horizon funded $5 million of the initial $10 million drawand a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.
- FARMINGTON, Conn., Sept. 20, 2021 /PRNewswire/ --Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $15 million venture loan facility to Spineology, Inc. ("Spineology"), of which Horizon funded $5 million of the initial $10 million drawand a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.
- Spineology develops and sells a complementary suite of anatomy-conserving technology solutions for use in lumbar spinal fusion procedures.
- Spineology has received funding from prominent healthcare growth equity investor River Cities Capital, and will use the loan proceeds for general working capital purposes.
- Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries.