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Horizon Technology Finance Leads $8MM Venture Loan Facility for LiquiGlide

July 01, 2021, 07:33 AM
Filed Under: Technology

Horizon Technology Finance led an $8 million venture loan facility to LiquiGlide, Inc., of which Horizon funded $2 million of the initial $4 million draw and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $2 million.

LiquiGlide's breakthrough, frictionless technology enables new packages, products and ultimately a new consumer experience through no-waste packaging, more efficient, sustainable manufacturing, and medical devices that will not clog or cause infection. LiquiGlide has gained significant traction in the multi-billion dollar consumer product goods industry, as well as in the manufacturing and biomedical industries, and the company recently announced a new partnership with Colgate. LiquiGlide will use the loan proceeds for growth and general working capital purposes.

"LiquiGlide's patented technology eliminates product and packaging waste, providing an environmentally-conscious solution and paving the way for revolutionary advancements in packaging, manufacturing and medical devices," said Gerald A. Michaud, President of Horizon. "We are eager to support LiquiGlide's mission of providing sustainable and frictionless product and packaging alternatives that create a completely different and improved experience for the end-user."

"We appreciate Horizon's confidence in our technology and belief in our vision," said Dave Smith, Co-founder and Chief Executive Officer of LiquiGlide. "We are expanding our market presence across industries by partnering with major, global brands such as Colgate and the Mibelle Group. As more businesses realize the value, sustainability, and innovation our technology makes possible, we are excited about LiquiGlide's long-term prospects and our ability to grow for years to come."

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