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Horizon Technology Finance Provides $7MM to ScoreBig

April 06, 2015, 07:28 AM
Filed Under: Technology

Horizon Technology Finance Corporation, a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and cleantech industries, has closed a $7 million venture loan to ScoreBig, Inc. ("ScoreBig"), an online marketplace focused exclusively on helping consumers save on live event tickets. ScoreBig will use the funds for general working capital purposes.

"Our investment in ScoreBig is another high quality addition to our diversified venture loan portfolio," stated Gerald A. Michaud, President of Horizon. "ScoreBig's recent partnership with Ticketmaster underscores its future prospects as a growing online seller of unsold inventory of tickets to major entertainment events. Our venture loan provides ScoreBig with growth-stage capital to support its compelling near-term initiatives."

David Goldberg, Chief Executive Officer of ScoreBig, stated, "Horizon has provided our company with a customized venture loan that significantly strengthens our ability to meet our strategic goals during a time of rapid expansion. We welcome the growth capital from Horizon and greatly appreciate the timely and efficient manner in which this transaction closed." is the first and only ticketing company created to help consumers save on live event tickets and to help the live entertainment industry move unsold ticket inventory in an opaque manner, so that ticket sellers' brands and full-price sales channels are fully protected.

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