Horizon Technology Finance Provides $20 Million Venture Loan Facility to Magnolia Medical Technologies

May 26, 2020•about 5 years ago

Amount Raised

$20 Million

Farmington

Description

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 that on May 6, 2020 it provided a $20 million venture loan facility to Magnolia Medical Technologies, Inc. ("Magnolia").

Company Information

Company

Horizon Technology Finance

Location

Farmington, Minnesota, United States

About

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. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional offices in Pleasanton, California and Reston, Virginia. To learn more, please visit www.horizontechfinance.com.

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Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Horizon Technology Finance Provides $20 Million Venture Loan Facility to Magnolia Medical Technologies

Description

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