Horizon Technology Finance grants $ 10 million venture capital loan to RepTrak

FARMINGTON, Connecticut., July 6, 2021 / PRNewswire / – Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture-backed companies in the areas of technology, life sciences, information and health services, and sustainable development industries, today announced it has led a $ 10 million subprime loan to RepTrak Holdings, Inc. (“RepTrak”), which Horizon funded $ 5 million and a private investment vehicle managed by Horizon Technology Finance Management LLC, advisor to Horizon, funded $ 5 million.

RepTrak has developed the world’s largest enterprise software platform and subscription-based service focused on providing businesses with key data analytics to help them better understand, improve, and protect their corporate reputation. By tracking and monitoring what consumers think about a brand, RepTrak provides business leaders with measurable insights and actionable insights to build loyalty and improve ROI. RepTrak has received funding from Catalyst Investors, a major industry sponsor, and will use the loan proceeds for general working capital purposes.

“RepTrak’s innovative software platform provides targeted and critical reputation metrics, enabling business leaders and communications professionals across industries to identify potential reputational risks and take key actions to improve the perception of their business, ”said Gerald A. Michaud, President of Horizon. “We are delighted to support the growth of RepTrak as it continues to expand its market share by further developing its proprietary technology and expanding its high-level customer base. “

“We are delighted with Horizon’s support of RepTrak, which further confirms our belief that the intrinsic value of our proprietary data and knowledge helps business leaders better understand and manage market perceptions of their businesses.” , said Kylie Wright Ford, CEO of RepTrak. “As companies across the spectrum increasingly embrace customer-centric and ESG initiatives, we are well positioned to provide our customers with the information they need to improve their brands and to prove what to do and say the right thing. thing is always a good deal. “

Cafferty & Company acted as independent advisor to RepTrak on the transaction.

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company providing capital in the form of secured loans to venture-backed companies in the technology, life sciences, health information and services and sustainable development. Horizon’s investment objective is to maximize the return on its investment portfolio by generating current income from the debt investments it makes and capital appreciation from the warrants it receives upon these investments in debt. Horizon is headquartered at Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas, and Reston, Virginia. For more information, please visit www.horizontechfinance.com.

About RepTrak

The RepTrak Company ™ is the global leader in reputation data and information. We provide the only global platform for insights based on Reputation, Brand and ESG data. Our proprietary RepTrak® model is the global standard for measuring and analyzing world sentiment using proven data science models and machine learning techniques across industries and geographies. RepTrak® program subscribers use our predictive information to protect business value, improve ROI, and increase their positive impact on society.

Founded in 2004, The RepTrak Company has the world’s largest reputation benchmarking database, with over one million business reviews annually, used by CEOs, Boards of Directors and leaders in more than 60 countries around the world. For more information, please visit www.reptrak.com.

Forward-looking statements

Statements included in this document may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not statements. guarantees future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from forward-looking statements due to a number of factors, including those described from time to time in documents filed by the Company with the Securities and Exchange Commission. Horizon assumes no obligation to update any forward-looking statements contained in this document. All forward-looking statements speak only as of the date of this press release.

Contacts:

Investor Relations:
RIC
Garrett edson
[email protected]
(860) 284-6450

Media Relations:
RIC
Chris Gillick
[email protected]
(646) 677-1819

SOURCE Horizon Technology Finance Corporation

Related links

www.horizontechfinance.com


Source link

About Dwaine Pinson

Check Also

NFT game “Fantasy Equity” wants you to spend real money buying fake stocks of real startups – TechCrunch

The meme-ification of ownership and the insane acceleration of the valuations of private startups led …

Leave a Reply

Your email address will not be published. Required fields are marked *