• Tue. May 30th, 2023

Horizon Technologies Finance Delivers $30 Million Venture Loan Facility to SafelyYou


May 25, 2023

FARMINGTON, Conn., Might 25, 2023 /PRNewswire/ — Horizon Technologies Finance Corporation (NASDAQ: HRZN) (“Horizon”), a top specialty finance enterprise that gives capital in the type of secured loans to venture capital backed firms in the technologies, life science, healthcare details and solutions, and sustainability industries, announced right now it has supplied a $30 million venture loan facility to SafelyYou, Inc. (“SafelyYou”), of which $ten million has been initially funded.

SafelyYou has created an revolutionary remote care platform that combines true-time AI video technologies with a 24/7 remote clinical group. Senior living communities that make use of SafelyYou’s technologies have significantly lowered resident fall prices and considerably lowered emergency space visits, resulting in enhanced care for residents and lowered expenses for senior living operators. SafelyYou is backed by major-tier investors which includes Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors, Inc. SafelyYou will use the loan proceeds to additional its mission of elevating the high-quality of dementia care and creating its revolutionary care out there to much more individuals.

“SafelyYou’s sophisticated technologies gives senior living communities, residents and their households with an invaluable service that contributes considerably to enhancing care for these living with Alzheimer’s and dementia,” mentioned Gerald A. Michaud, President of Horizon. “In addition to speedily detecting falls, SafelyYou enables caregivers to proactively avert future falls by reviewing clear video of a fall occasion by means of a safe internet portal. We think the advantages of this transformative technologies will lead to its adoption in assisted living and skilled nursing facilities across the United States. Horizon is pleased to assistance SafelyYou’s program to develop by creating its technologies much more broadly out there.”

“We’re thrilled to obtain Horizon’s assistance as we additional our mission to reshape dementia care, supporting these living with Alzheimer’s, their households, and the communities that aid care for them,” mentioned George Netscher, founder and CEO of SafelyYou. “SafelyYou’s mixture of planet-top AI technologies and specialist clinical assistance imply on-website employees not only see and realize how falls come about, they also get insights into how to preserve them from taking place once again. As a outcome, communities are capable to supply a level of individual-centered care by no means ahead of doable. The assistance from Horizon implies that greater-high-quality care will attain a greater quantity of residents.”

About Horizon Technologies Finance

Horizon Technologies Finance Corporation (NASDAQ: HRZN) is a top specialty finance enterprise that gives capital in the type of secured loans to venture capital backed firms in the technologies, life science, healthcare details and solutions, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by creating present earnings from the debt investments it tends to make and capital appreciation from the warrants it receives when creating such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and investment specialists positioned in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To find out much more, please pay a visit to www.horizontechfinance.com.

About SafelyYou

Originating in 2015 as the doctoral investigation of CEO George Netscher—and inspired by his personal family’s practical experience with Alzheimer’s disease—SafelyYou was spun out of UC Berkeley’s Artificial Intelligence Study Lab, 1 of the major 5 AI investigation groups in the planet. The company’s passionate mission is to empower safer, much more individual-centered dementia care by way of planet-top, true-time AI video technologies and 24/7 remote clinical authorities. SafelyYou is employed by skilled nursing facilities and assisted living communities all across North America—from the biggest national organizations to regional and nearby ones, as well. SafelyYou is 1 of 5 most revolutionary fall technologies referenced in the Senate Falls Report (2019).

SafelyYou provides a voice to these living with Alzheimer’s and other types of dementia. Its AI-enabled cameras see critical care moments in true-time by means of sophisticated artificial intelligence. SafelyYou’s remote clinical authorities allow a level of predictive, individual-centered dementia care that solves a vital difficulty across senior care by decreasing falls and fall-associated ER. For much more on SafelyYou, pay a visit to www.safely-you.com.

Forward-Seeking Statements
Statements integrated herein may possibly constitute “forward-hunting statements” inside the which means of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical information integrated in this press release may possibly constitute forward-hunting statements and are not guarantees of future functionality, situation or outcomes and involve a quantity of dangers and uncertainties. Actual outcomes may possibly differ materially from these in the forward-hunting statements as a outcome of a quantity of elements, which includes these described from time to time in the Company’s filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-hunting statement created herein. All forward-hunting statements speak only as of the date of this press release.


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