IntelePeer Cloud Communications LLC, a San Mateo, CA-based provider of business communications including cloud-based Unified Communications, cloud contact center, and enterprise voice services, received a $15m venture loan facility.
Horizon Technology Finance Corporation (NASDAQ: HRZN), 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, funded an initial $12m of its commitment under the facility.
The company will use the proceeds for general working capital purposes.
Led by Frank Fawzi, CEO, IntelePeer delivers complete business communications solutions including full-service cloud calling directly integrated with Cisco Spark unified communications, complete cloud contact center, enterprise voice services, and UC enablement for Internet carriers and hosting companies.
The company is backed by VantagePoint Venture Partners, Kennet Partners and NorthCap Partners.