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Horizon Technology Finance Provides $5MM to Bridge2 Solutions

June 23, 2015, 07:51 AM
Filed Under: Technology

Horizon Technology Finance Corporation closed a $5 million venture loan facility to Bridge2 Solutions, Inc. ("Bridge2 Solutions"), a leading provider of marketing and fulfillment solutions for enterprise loyalty rewards programs. Bridge2 Solutions will use the proceeds for general working capital purposes.

"We are delighted to add Bridge2 Solutions to our high quality technology loan portfolio," stated Gerald A. Michaud, President of Horizon. "Bridge2 Solutions' innovative cloud-based, platform-as-a-service software provides its clients with marketing solutions and support for their consumer loyalty rewards programs. In a growing market that contains high barriers to entry, our growth capital will further drive Bridge2 Solutions' business expansion plans."

Craig McLaughlin, President and CEO of Bridge2 Solutions, stated, "Horizon's financial strength and team of venture lending experts were key differentiators in evaluating possible sources of funding. Horizon quickly closed on a flexible venture loan facility, which provides us with meaningful liquidity that enhances our financial position and future growth prospects. As Bridge2 Solutions continues to attract new clients and integrate its unique platform across a wide-range of businesses, we appreciate Horizon's confidence in the long-term outlook of our company."

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.

Founded in 2006, Bridge2 Solutions is a leading marketing solutions platform providing innovative marketing and fulfillment solutions to some of the largest Fortune 500 companies.

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