Horizon Technology Finance Corporation, a leading specialty finance company, has announced a $30 million venture loan facility provided to SafelyYou.
SafelyYou is a company that has developed a remote care platform utilizing real-time AI video technology and a remote clinical team to improve care for individuals living with Alzheimer’s and dementia. The loan facility, with an initial funding of $10 million, will support SafelyYou in expanding its innovative care services and reaching a broader audience.
By leveraging SafelyYou’s technology, senior living communities have experienced significant reductions in resident fall rates and emergency room visits. This has resulted in enhanced care for residents and reduced costs for operators in the senior living industry. SafelyYou is supported by reputable investors, including Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors, Inc.
Horizon’s President, Gerald A. Michaud, expressed confidence in SafelyYou’s transformative technology, stating that it has the potential for widespread adoption in assisted living and skilled nursing facilities throughout the United States. The funding from Horizon will enable SafelyYou to expand its reach and make its advanced care available to a greater number of individuals.
SafelyYou’s CEO, George Netscher, emphasized the company’s mission to reshape dementia care and provide person-centered support to those living with Alzheimer’s, their families, and the communities involved in their care. The combination of AI technology and clinical support offered by SafelyYou empowers on-site staff to understand and prevent falls more effectively, resulting in a higher quality of care for residents.
About Horizon Technology Finance Corporation: Horizon Technology Finance Corporation is a specialty finance company that provides secured loans to venture capital-backed companies in various industries, including technology, life sciences, healthcare information and services, and sustainability. The company’s investment objective is to generate current income and capital appreciation from its debt investments and associated warrants. Horizon is headquartered in Farmington, Connecticut, with regional offices in Pleasanton, California, and investment professionals located in Austin, Texas, Chicago, Illinois, Reston, Virginia, and Portland, Maine.
