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Horizon Technology Finance Provides Additional $5MM Venture Loan to Everstream Analytics

November 30, 2021, 07:55 AM
Filed Under: Technology

Horizon Technology Finance provided an additional venture loan, in the principal amount of $5 million, to Everstream Analytics a provider of supply chain risk management software and an existing Horizon portfolio company.

Everstream offers AI-powered enterprise software that enables real-time and predictive risk analytics for global supply chains. Everstream is an end-to-end supply chain risk analytics solution supporting better decision making across procurement, business continuity and logistics operations. With an extensive library of professionally curated weather, climate, transportation, financial, geopolitical, social and trade data feeds, Everstream is becoming an industry standard for effectively managed supply chains. Everstream is backed by prominent investors including Columbia Capital, Greenspring Associates and Blue Lagoon. Everstream will use the loan proceeds for general growth and working capital purposes.

"Everstream's risk management software has grown increasingly vital amid the supply chain disruptions we are seeing around the world today, and we are pleased to add to our ongoing support," said Gerald A. Michaud, President of Horizon. "Today's current environment for global logistics has created opportunities for Everstream to substantially grow its list of clients across multiple industries."

"We're very pleased to receive the continued support of Horizon," said Julie Gerdeman, Chief Executive Officer of Everstream. "Our best-in-class risk management software solutions provide invaluable intelligence and strategic guidance that enables companies to navigate around current disruptions and create a playbook to avoid future ones. From port congestion to catastrophic weather to geopolitical events – ensuring essential business continuity, we give our clients a real competitive edge."    

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