Horizon Technology Finance Corporation (NASDAQ: HRZN) provided a $30 million venture loan facility to SafelyYou, Inc., a San Francisco, CA-based remote care platform provider.
$10m has been initially funded.
The company will use the loan proceeds to expand its business reach.
Led by George Netscher, founder and CEO, SafelyYou has developed an innovative remote care platform that combines real-time AI video technology with a 24/7 remote clinical team to enable senior living communities to reduce resident fall rates and lower emergency room visits. SafelyYou is backed by top-tier investors including Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors, Inc.