Chicago Atlantic closed a secured term loan with Halo Collar, an AI-driven dog collar that utilizes proprietary technology to offer accurate GPS dog fencing solutions.
The collaboration with Halo Collar is part of Chicago Atlantic’s growth finance strategy, which aims to support companies as they accelerate growth.
“Chicago Atlantic prides itself on its ability to support disruptive companies during intense growth, and our partnership with Halo Collar demonstrates this vision,” Tony Cappell, founding partner of Chicago Atlantic, said. “Halo Collar’s use of GPS and GNSS technology has demonstrated great success, and the team continues to leverage category-changing tools with multiple applications.”
Co-founded in 2017 by world-renowned dog behaviorist Cesar Millan, Ken Ehrman and Michael Ehrman, Halo Collar announced its newest model, the Halo Collar 3, in September 2023. The dog fencing solution contains features in hardware and software design that combine a wireless smart fence, smart training, GPS tracker and activity tracker in one smart collar and correlating smart phone app.
“Halo Collar and Chicago Atlantic have a shared vision to keep dogs safe through innovative technology,” Ken Ehrman, co-founder and CEO of Halo Collar, said. “This partnership will support Halo Collar’s work as a technological and business leader in the dog containment industry, with potential to expand the category due to Halo Collar’s portability. The majority of dogs still do not have containment, and we remain committed to bridging this gap and providing the best for pet parents everywhere.”
