Profile: Horizon Technology Finance Corp (HRZN.O)
24 May 2019
Horizon Technology Finance Corporation, incorporated on March 16, 2010, is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to maximize investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Company operates as a specialty finance company. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively Target Industries). The Company is focused on making secured debt investments (Venture Loans) to venture capital backed companies in its Target Industries. It also provides Venture Loans to publicly traded companies in its Target Industries.
As of December 31, 2016, its debt investment portfolio consisted of 44 debt investments. In addition to its debt investments, as of December 31, 2016, the Company held warrants to purchase stock, predominantly preferred stock, in 78 portfolio companies, equity positions in five portfolio companies and success fee arrangements in 11 portfolio companies. In the technology sector, the Company focuses on communications, networking, data storage, software, cloud computing, semiconductor, power management, Internet and media and consumer-related technologies. In the life science sector, the Company focuses on biotechnology, drug delivery, bioinformatics and medical devices. In the healthcare information and services sectors, the Company focuses on diagnostics, medical record services and software, and other healthcare related services and technologies. In the cleantech sector, the Company focuses on alternative energy, water purification, energy efficiency, green building materials and waste recycling. Horizon Technology Finance Management LLC is the investment advisor of the Company.
Horizon Technology Finance Corp
312 Farmington Ave
FARMINGTON CT 06032-1913