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Horizon Technology Finance Provides $5.5MM Venture Loan to Skyword

November 20, 2015, 07:21 AM
Filed Under: Technology

Horizon Technology Finance announced it has closed a new $5.5 million venture loan facility to Skyword Inc., a leading content marketing software and services company.  Skyword will use the proceeds of the venture loan for working capital purposes.

“Skyword represents a strong addition to our high-quality technology loan portfolio,” stated Gerald A. Michaud, President of Horizon. “Skyword’s proprietary content marketing platform has been validated by the market as shown by Skyword’s impressive customer base of leading brands and media companies. Our growth capital will support Skyword’s drive to expand domestically and internationally.”

Tom Gerace, CEO and Founder of Skyword, stated, “With their significant experience in lending to technology companies, Horizon quickly structured and closed a financing solution tailored to our specific needs and stage of development. Horizon’s venture loan facility strengthens our ability to capitalize on exciting domestic and international growth opportunities, as we continue to help global brands tell their stories.”    

Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to companies backed by venture capital firms within the technology, life science, healthcare information and services and cleantech industries.

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