Horizon Technology Finance Corporation announced on November 7, 2024, that it has provided a $10 million venture loan facility to Ursa Space Systems Inc. This investment underscores Horizon's ongoing strategy of providing secured debt to venture capital-backed companies in the technology industry.
Ursa Space Systems specializes in satellite intelligence, offering data and analytics solutions. This new loan facility is expected to support Ursa Space Systems' operational growth and development within the rapidly evolving space technology sector.
The provision of this venture loan demonstrates Horizon's commitment to expanding its portfolio with investments in high-growth, innovative companies. Such investments are central to HRZN's objective of generating current income from its debt investments.
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