July 11, 2018

Horizon leads $15M loan to D.C. tech vendor

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Gregory Seay

Farmington specialty lender Horizon Technology Finance Corp. says it led a $15 million loan package to a Washington, D.C., cloud computing and information-technology vendor.

New Signature US Inc. will use the initial $11 million slice of the loan commitment to fund strategic expansion of its Microsoft-based technology and services platform, Horizon Tech President Gerald A. Michaud said Wednesday.

Founded in 1996 and backed by Virginia-based Columbia Capital, New Signature's client base includes media, financial, retail, government, health and life sciences and manufacturing.

Horizon Tech's model is providing funding to venture-capital staked businesses in the technology, life science, healthcare information and services, and cleantech industries.

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