Horizon Technology Finance Closes $3 Million Revolver for OraMetrix
Horizon Technology Finance Corporation announced that it has closed a $3 million revolving credit facility with OraMetrix Inc., a provider of innovative 3-D technology solutions for orthodontic care. The funds provided to OraMetrix will support its continued growth.
“We are pleased to provide additional financing to OraMetrix, an exciting Horizon portfolio company that continues to grow market share in the orthodontic care market,” stated Gerald A. Michaud, president of Horizon. “The company’s state-of-the-art SureSmile orthodontic 3-D technology has proven to enhance the quality of care. By expanding our relationship with OraMetrix, we have strengthened the company’s ability to execute on its business plan and achieve long term growth.”
Chuck Abraham, CEO of OraMetrix, stated, “Horizon’s deep understanding of our business at a fundamental level has enabled the company to craft custom financing solutions that best meet our needs. We intend to utilize the proceeds from our new credit facility to expand the distribution of our proprietary SureSmile Digital Orthodontic System and drive future growth.”
Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.