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