Posted under Venture Capital
from http://www.pehub.com 898 days ago

Horizon Technology Finance Corporation has closed a $12.5 million venture loan facility with Avalanche Technology, a developer of next-generation storage class memory products. Horizon is a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and cleantech industries. Avalanche is backed by VCs including Vulcan Capital, Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures, Qualcomm Ventures and Leader Ventures.

PRESS RELEASE

Horizon Technology Finance Corporation HRZN +0.06% (“Horizon”), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $12.5 million venture loan facility with Avalanche Technology, Inc. (“Avalanche”), a developer of next-generation storage class memory products utilizing its proprietary Spin Programmable Memory (SPMEM(TM)) technology ...

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