Horizon Leads $15MM Facility for NinePoint Medical
Horizon Technology Finance announced it led a $15 million venture loan facility for NinePoint Medical, a developer of medical devices for advanced optical imaging. NinePoint will use the proceeds for working capital purposes. Horizon said it funded an initial $5 million of its $7.5 million commitment under the venture loan facility.
“We are pleased to lead a $15 million venture loan to NinePoint Medical, a company that develops high-quality optical imaging medical devices focused on improving patient care,” stated Gerald A. Michaud, president of Horizon. “We are excited to work with NinePoint as it continues to develop groundbreaking advances in medical imaging technology.”
Dr. Christopher von Jako, president and CEO of NinePoint Medical, stated, “This attractive loan facility, led by Horizon’s experienced team of venture lending professionals, provides us with a critical source of capital necessary for NinePoint’s future growth. We welcome Horizon’s financial support as we bring the NvisionVLE Imaging System to market while developing new medical devices that we expect will revolutionize the field of advanced imaging.”