Horizon Technology Finance, an affiliate of Monroe Capital, provided a $35 million venture loan facility to Mirantis, of which $20 million was initially funded. Mirantis will use the loan proceeds for general growth and working capital.
“Mirantis eliminates the need for companies to devote vast resources to creating and managing their tech infrastructure,” Gerald A. Michaud, president of Horizon Technology Finance, said. “Through its cloud infrastructure, Mirantis has developed a loyal base of Fortune 100 clients that are optimizing their IT efficiency and creating additional value for their customers. We are pleased to support Mirantis’ ongoing expansion.”
“Horizon’s support is a catalyst to help us pursue our growth strategy and accelerate our ability to empower enterprises to easily control and enhance their tech infrastructures,” Adrian Ionel, CEO of Mirantis, said. “Mirantis is transforming how companies manage their IT infrastructure while greatly improving their efficiency and overall software development process, which ultimately increases their productivity and creativity.”