Skylight, a digital photo frame and smart calendar brand, raised $15 million in debt through its partnership with SG Credit Partners. As the company continues to grow, it will use the new capital to support inventory purchases and ensure sufficient product stock to meet increasing demand.
“This funding is a major milestone for Skylight and a testament to how far we’ve come,” Chia Chung, chief operating officer and CFO at Skylight, said. “We’re proud to partner with SG Credit Partners’ Consumer Products team on this journey, especially as we approach the Q4 holiday season when demand tends to surge.”
“We’re entering an exciting new phase of growth, and are thrilled to partner with SG Credit Partners,” Michael Segal, founder and CEO of Skylight, said. “We’ve bootstrapped profitably for nearly a decade, and this new financing will help us continue to be aggressive in scaling our business and delivering on our mission of connecting millions of loved ones through technology.”
“Skylight has built a resilient, direct-to-consumer electronics brand, which makes the company an ideal fit with our investment philosophy of supporting exceptional consumer brands,” Dan McCallum, director at SG Credit Partners, said. “SG Consumer Products is proud to be a part of the Skylight story as they continue to expand and deliver meaningful products that bring loved ones closer together.”
