Horizon Technology Finance provided an additional venture loan in the principal amount of $5 million to Everstream Analytics, a provider of supply chain risk management software and an existing Horizon portfolio company.
Everstream offers artificial intelligence-powered enterprise software that enables real-time and predictive risk analytics for global supply chains. Everstream is backed by Columbia Capital, Greenspring Associates and Blue Lagoon. Everstream will use the loan proceeds for general growth and working capital purposes.
“Everstream’s risk management software has grown increasingly vital amid the supply chain disruptions we are seeing around the world today, and we are pleased to add to our ongoing support,” Gerald A. Michaud, president of Horizon Technology Finance, said. “Today’s current environment for global logistics has created opportunities for Everstream to substantially grow its list of clients across multiple industries.”
“We’re very pleased to receive the continued support of Horizon,” Julie Gerdeman, CEO of Everstream, said. “Our best-in-class risk management software solutions provide invaluable intelligence and strategic guidance that enables companies to navigate around current disruptions and create a playbook to avoid future ones. From port congestion to catastrophic weather to geopolitical events, [by] ensuring essential business continuity, we give our clients a real competitive edge.”
