Horizon Technology Finance
Horizon Technology Finance, headquartered in Farmington, Connecticut, is a NASDAQ-listed company (HRZN) that provides growth-oriented venture debt solutions to companies in technology, life sciences, healthcare information and services, and sustainability sectors.
Company Overview
Horizon Technology Finance Corporation is a publicly traded company headquartered in Farmington, Connecticut. Listed on NASDAQ under the ticker HRZN, the company specializes in providing venture debt solutions to growth-stage companies. Managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, the company has facilitated more than $3 billion in venture loans since its inception in 2004.
Services
Horizon Technology Finance offers a range of financial products tailored to companies in their growth stages. Their loan types include term loans, bridge loans, and special purpose loans. These loans can finance various business activities with transaction sizes up to $50 million and repayment terms of 3-5 years. The company offers a meaningful interest-only period to aid in minimizing cash flow impact in the early stages of the loan term.
Industries Served
Horizon Technology Finance focuses on sectors such as technology, life sciences, healthcare information and services, and sustainability. The company's portfolio includes businesses engaged in machine learning, cloud computing, cybersecurity, biotechnology, medical devices, and alternative fuels. This diverse focus allows Horizon Technology Finance to cater to a wide range of innovative industries.
History and Achievements
Since 2004, Horizon Technology Finance has been a significant player in the venture debt market, successfully originating and investing over $3 billion in venture loans to more than 315 companies. With a team that has collectively managed over $5 billion in venture loans, Horizon Technology Finance has built a solid reputation for providing customized financial solutions that align with the funding needs and development plans of each company.
Geographical Presence
Horizon Technology Finance maintains a strong geographical presence with offices located in Connecticut, California, Virginia, Illinois, Texas, and New England. This widespread network allows the company to efficiently serve its diverse client base across various regions in the United States.