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Horizon Technology Finance Leads Venture Loan Facility to Native Microbials

April 22, 2022, 07:25 AM
Filed Under: Venture Capital

Horizon Technology Finance closed a venture loan facility to Native Microbials, Inc.

Native Microbials discovers, develops, and commercializes next generation microbial solutions for animals covering both companion and livestock species. The company’s products are undergoing rapid growth as farmers and pet owners alike increasingly look to implement more effective and reliable microbial solutions into their animal management programs. The loan proceeds will primarily be used to optimize operations, including expanding manufacturing capabilities, strengthening the product supply chain and enhancing customer services.

“Animal health and nutrition is obtaining a considerable boost from Native Microbials,” said Gerald A. Michaud, President of Horizon. “The company’s technology platform makes it possible to develop truly innovative and beneficial microbial products that improve the health, productivity and sustainability of animals at a level not previously observed in animal health and nutrition. We believe the market opportunity for Native Microbials is vast and we are pleased to support the company’s growth initiatives.”

“We are very excited by the opportunity ahead of us and very much appreciate Horizon’s support,” said Mike Seely, co-founder and CEO of Native Microbials. “Our products enable animals to be more productive, efficient, and sustainable which in turn benefits all of us. Being able to better serve our rapidly growing customer base and expand operational capabilities in manufacturing and supply chain at this stage in our journey is critical. Horizon’s support will help Native and our customers as we grow.”

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