$6 Million Venture Loan to Wi-Fi Based RFID Provider Ekahau
Horizon Technology Finance Corporation recently announced it led a $6 million venture loan for a facility for Ekahau, Inc. a provider of Wi-Fi based RTLS / RFID tracking solutions, enabling them to locate, track and manage inventory, assets, visitors and staff. Horizon Technology Finance corporation is a leading specialty finance company that provides secured loans to venture capital and private equity companies in the areas of technology, healthcare information and services, life science, and clean-tech industries.
Horizon initially funded $1.5 million of its $3 million commitment under the venture loan facility. Ekahau will use the funds for working capital intent. Ekahau’s innovative technology will aid in improving technology platforms to deliver real-time location intelligence allowing many public and private sector companies to improve their productivity and operational efficiency.