Daily News: May 8, 2019

Horizon Provides $5MM Venture Loan Facility to Meditrina


Horizon Technology Finance provided a $5 million venture loan facility to Meditrina, of which $3 million has been initially funded

Meditrina is a pre-FDA cleared medical device company focused on developing fully disposable endoscopes and an office-based platform that can address multiple procedures for gynecologists.

“Meditrina is developing efficient solutions for the diagnosis and treatment of a variety of minimally invasive uterine procedures that can be performed in the comfort of a doctor’s office, which will be of significant benefit and convenience to patients and physicians,” said Gerald A. Michaud, president of Horizon. “We are pleased to add Meditrina to our life sciences portfolio and help facilitate their next step in the FDAclearance process, and commercialization of the company’s system, Aveta.”

Horizon Technology Finance is a 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 cleantech industries.

Founded in 2016, Meditrinais is a pre-FDA cleared medical device company focused on developing fully disposable endoscopes and an all-inclusive office-based or clinical visualization platform that can address multiple procedures for gynecologists.