FARMINGTON, Conn. and ST. CLOUD, Minn., April 6, 2015 (GLOBE NEWSWIRE) — Horizon Technology Finance Corporation (HRZN) (“Horizon”), 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, announced today it has closed a $5 million venture loan facility to eBureau, LLC (“eBureau”), an industry leading provider of predictive analytics and information solutions. eBureau will use the proceeds for working capital purposes.
“We are excited to add eBureau, with its advanced technological capabilities and big data resources, to our portfolio of venture loan companies,” stated Gerald A. Michaud, President of Horizon. “eBureau continues to experience solid demand from its diverse customer base across various industries and our venture loan will provide it with the needed capital to execute on its business plan and achieve long term growth.”
Gordon Meyer, President and Chief Executive Officer of eBureau, stated, “The venture lending experts at Horizon created a flexible financing solution that greatly strengthens our future growth prospects. We value Horizon’s financial support and remain committed to helping businesses acquire customers, manage risks and maintain customer relationships with our big data and predictive analytics platform.”
About Horizon Technology Finance
Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. The investment objective of Horizon is to maximize total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, Horizon has regional offices in Walnut Creek, California and Reston, Virginia. Horizon’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “HRZN”. To learn more, please visit www.horizontechnologyfinancecorp.com.
eBureau provides a powerful suite of predictive analytics and real-time information solutions to help companies acquire customers, manage risks and maintain customer relationships. Clients span numerous industries and rely on the company’s business and consumer scoring, identity verification, authentication, location and monitoring services to make instant, data-driven decisions about consumers and businesses. Launched in 2007, eBureau is a wholly-owned subsidiary of xTech Holdings, Inc. Its investors include Redpoint Ventures, Split Rock Partners, and Tenaya Capital. For more information, please visit www.ebureau.com.
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
- Venture Capital
- predictive analytics