Horizon Technology Finance Provides Second Quarter 2021 Portfolio Update
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Horizon Technology Finance Provides Second Quarter 2021 Portfolio Update
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Horizon Technology Finance Leads $30MM Venture Loan for TemperPack
May 11, 2021, 08:00 AM
Horizon Technology Finance led a $30 million venture loan facility to TemperPack Technologies, Inc., of which Horizon funded $7.5 million of the intial $15 million draw and an investment vehicle managed by Horizon Technology Finance Management LLC, Horizon s advisor, funded $7.5 million.
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TemperPack manufactures sustainable insulated packaging for perishable last mile deliveries. Its customers include leading meal kit, frozen foods, and life science companies. TemperPack s flagship product is the ClimaCell® thermal liner, which provides a curbside recyclable alternative to expanded polystyrene foam, often known as Styrofoam®. Prominent investors in TemperPack include Revolution Growth, Wheatsheaf Group, SJF Ventures, Arborview Capital, and Harbert Growth Partners. TemperPack
Horizon Technology Finance Corporation Leads $30 Million Venture Loan Facility for TemperPack
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FARMINGTON, Conn., May 10, 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 capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $30 million venture loan facility to TemperPack Technologies, Inc. ( TemperPack ), of which Horizon funded $7.5 million of the intial $15 million draw and an investment vehicle managed by Horizon Technology Finance Management LLC, Horizon s advisor, funded $7.5 million.