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home / news releases / HRZN - Horizon Technology Finance provides $30M venture loan facility to SafelyYou

HRZN - Horizon Technology Finance provides $30M venture loan facility to SafelyYou

Horizon Technology Finance Corporation

2023-05-25 16:44:04 ET

  • Horizon Technology Finance ( NASDAQ: HRZN ) said Thursday it provided a $30M venture loan facility to SafelyYou, of which $10M has been initially funded.
  • Loan proceeds will be used to improve the quality of dementia care and expand adoption of SafelyYou's platform.
  • SafelyYou's remote care platform has AI-enabled fall detection and prevention for dementia care.
  • The platform has helped reduce resident fall rates at senior living communities and lowered emergency room visits.
  • Earlier, Horizon Technology ( HRZN ) expanded its credit facility's capacity to $250M.

For further details see:

Horizon Technology Finance provides $30M venture loan facility to SafelyYou
Stock Information
Company Name: Horizon Technology Finance Corporation
Stock Symbol: HRZN
Market: NASDAQ
Website: horizontechfinance.com
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