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Horizon Technology Finance Provides $17 Million Venture Loan Facility to Robin Healthcare
FARMINGTON, Conn., Oct. 24, 2022 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that
About this update from Horizon Technology Finance Corporation
[{"type":"text","content":"FARMINGTON, Conn., Oct. 24, 2022 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) (\"Horizon\"), a leading 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 sustainability industries, announced today it has provided a $17 million venture loan facility to Robin Healthcare, Inc. (\"Robin\"), of which $7 million has been initially funded.\nRobin is changing the administration of healthcare enabling doctors to spend more time with patients, and to more efficiently manage their practices. Robin's proprietary device, the Robin Assistant™, silently observes physician-patient visits while remote scribes – powered by AI and trained by over one million patient visits – extracts data, identifies conditions, then builds and uploads clinical notes with medical codes, all directly to the electronic health record. Robin is backed by a consortium of well-known investors including Scale Venture Partners, Khosla Ventures, Norwest Venture Partners, and Meridian Street Ventures. The company will use the loan proceeds for general corporate and working capital purposes.\n\"Robin is transforming how doctors practice medicine and interact with patients,\" said Gerald A. Michaud, President of Horizon. \"Thanks to the Robin Assistant, doctors are seamlessly recording accurate information, enabling doctors to save valuable time previously spent on manually inputting data. We are excited to be an important part of the company's continued growth.\" \n\"We appreciate Horizon's support as we continue to execute on our business plan,\" said Emilio Galán, Chief Executive Officer of Robin. \"Robin gives patients peace of mind; physicians freedom of focus, and payors and practices measurably more accurate coding.\"\nAbout Horizon Technology Finance\nHorizon Technology Finance Corporation (NASDAQ: HRZN) is a leading 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 sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the war...