FARMINGTON, Conn., April 21, 2022 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life sciences, healthcare information and services sectors, and Sustainability Industries, announced today that it has closed a venture loan facility for Native Microbials, Inc. (“Native Microbials”).
Native Microbials discovers, develops and commercializes next-generation microbial solutions for animals spanning both companion and livestock species. The company’s products are experiencing rapid growth as both farmers and pet owners increasingly seek more effective and reliable microbial solutions in their animal management programs. The loan proceeds will be used primarily to optimize operations, including expanding manufacturing capacity, strengthening the product supply chain and improving customer service.
“Animal health and nutrition receive a significant boost from native microbes,” he said Gerald A Michaud, President of Horizon. “The Company’s technology platform enables the development of truly innovative and beneficial microbial products that improve animal health, productivity and sustainability at levels not previously observed in animal health and nutrition. We believe the market opportunity for native microbes is tremendous and we look forward to supporting the company’s growth initiatives.”
“We are very excited about the opportunity before us and appreciate Horizon’s support,” he said mike soul, Co-Founder and CEO of Native Microbials. “Our products enable animals to be more productive, efficient and sustainable, which in turn benefits us all. It is critical to be able to better serve our rapidly growing customer base and expand operational capabilities in manufacturing and supply chain at this stage of our journey. Horizon’s support will help Native and our customers as we grow.”
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance firm that provides capital in the form of secured loans to venture capital-backed companies in the technology, life sciences, healthcare information and services, and sustainability industries. The investment objective of HRZN is to maximize the return on its investment portfolio by generating current income from the debt investments made and capital appreciation from the warrants received in making such debt investments. Horizon Technology Finance Management GMBH has its headquarters in Farmington, Connecticutwith a regional office in Pleasant, Californiaand investment professionals based in Portland, Maine, Austin, Texasand reston, Virginia. To learn more, please visit horizontechfinance.com.
About native microbes
Indigenous microbes uses the power of the native microbiome to improve animal health, productivity and sustainability. The company uses advanced microbiology and data science methods to develop next-generation microbial products for a wide range of animal species. headquarters in San DiegoIndigenous microbes maintains several field and production operations worldwide. please visit NativeMicrobials.com to learn more.
The statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact contained 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 could differ materially from those projected in the forward-looking statements due to a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission from time to time. Horizon undertakes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.
SOURCE Horizon Technology Finance Corporation