Horizon Technology Finance closed a $3 million venture loan facility with Razorsight Corporation, a provider of cloud-based financial assurance and predictive analytics solutions for communications service providers. The proceeds of the venture loan facility will be used to support the company's continued growth.

"Razorsight is a pioneer in cloud-based business intelligence and analytics solutions," stated Gerald A. Michaud , president of Horizon. "The company's platform technology has helped its customers capture valuable marketing information and increase operating efficiencies. We are pleased to provide Razorsight with a venture loan facility, which will enhance the company's ability to maintain its strong market momentum on a global basis."

Brandon Thorne, vice president finance of Razorsight, stated, "The growth capital with attractive terms provided by Horizon will support our ongoing development and commercial efforts. Horizon created a customized financial solution ideally tailored to our expansion plans. We look forward to working with the Horizon team as we continue to deliver highly differentiated cloud-based services for our leading customers and continue our global expansion."

Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.