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Farmington financier floats $8M loan to chickenless egg maker


Farmington specialty financier Horizon Technology Finance Corp. is lending $8 million to a company that’s developing plant-based egg whites and other animal-free proteins for use in food and supplements.
The venture loan facility, of which $5 million is initially funded, is for California-based Clara Foods, which says it ferments yeast to produce proteins “that will match the taste and texture and unique culinary functionality of a real egg.”  
“Through its innovative protein platform technology, Clara Foods is making significant progress in creating a remarkable animal-free egg, Horizon President Gerald A. Michaud said in a statement. We expect its products will find a significant audience as consumers continue to increase their consumption of alternative protein sources as well as more sustainable food sources.” ....

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Horizon Technology Finance Management Expands Origination and Investment Team


Horizon Technology Finance Management Expands Origination and Investment Team
Includes Key Appointments of Sara Johnson and Bryce Bewley
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FARMINGTON, Conn., Jan. 11, 2021 /PRNewswire/ Horizon Technology Finance Management LLC ( Horizon ), a registered investment advisor that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and advisor for Horizon Technology Finance Corporation (NASDAQ: HRZN), announced today that it has added five finance professionals to its origination and investment team.
In the last year, the ecosystem for growth capital investing, especially in our target industries, has grown dramatically, said Gerald A. Michaud, President of Horizon. Adding these outstanding professionals to our expert team further enhances and strengthens our go-to-market strategy for s ....

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Horizon Technology wraps up 2020 with medtech deals


Farmington-based specialty lender Horizon Technology Finance Corp. ended 2020 with a $5 million venture loan to a California medtech firm marketing a new medical device.
The borrower, Corinth MedTech of San Jose, makes urological devices including the Veloxion System, which treats the symptoms of benign prostatic hyperplasia and bladder tumors.
“We are excited to add our support to further facilitate Corinth s commercialization of the Veloxion System and its overall growth initiatives,” Horizon President Gerald A. Michaud said in a statement.
The Corinth deal is the second medical-device play in as many months for Horizon, which announced in November that it had made a $12.5 million venture loan to Sonex Health, a Minnesota maker of an ultrasound device used for treating carpal tunnel syndrome. ....

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