Horizon Technology Finance Delivers $8 Million Enterprise Mortgage Facility to Clara Meals
FARMINGTON, Conn., Jan. 14, 2021 /PRNewswire/ — Horizon Technological innovation Finance Company (NASDAQ: HRZN) (“Horizon”), a major specialty finance organization that offers funds in the variety of secured loans to enterprise cash backed corporations in the technological know-how, existence science, health care info and expert services, and sustainability industries, announced nowadays it has delivered an $8 million venture loan facility to Clara Meals, Inc. (“Clara Foodstuff”), of which $5 million has been originally funded.
Clara Foods is a foodstuff technological innovation firm that is building animal-no cost proteins as components for food stuff and beverages, together with egg proteins that will match the flavor and texture and special culinary features of a genuine egg. Clara Foods’ proprietary proteins leverage precision fermentation to meet up with the raising need from folks in search of nutrition via substitute proteins derived from sustainable procedures. Many distinguished investors in Clara Food items consist of The Output Board, Blue Horizon and Ingredion. Clara Foods will use the mortgage proceeds for common performing funds functions.
“By its progressive protein system technological innovation, Clara Foods is building major development in building a outstanding animal-cost-free egg,” reported Gerald A. Michaud, President of Horizon. “We assume its items will discover a considerable viewers as individuals continue on to raise their consumption of different protein sources as properly as more sustainable meals resources. We are pleased to support Clara Food items in bringing their animal-cost-free proteins to a large and developing market.”
“We take pleasure in Horizon’s guidance and assurance in what we are carrying out at Clara Meals,” stated Arturo Elizondo, CEO and Co-founder of Clara Food items. “We are psyched to deliver to industry sustainable, moral and very affordable choice proteins to fulfill the rapidly growing customer demand from customers for animal-totally free solutions that aid completely transform our food items process from the ground up. Horizon’s expense will aid aid our go-to-industry strategy and expand our organization.”
About Horizon Technologies Finance
Horizon Technological know-how Finance Company (NASDAQ: HRZN) is a foremost specialty finance organization that supplies capital in the type of secured loans to enterprise money backed corporations in the technology, lifetime science, health care information and services, and sustainability industries. The expenditure aim of Horizon is to improve its investment decision portfolio’s return by generating current profits from the debt investments it would make and funds appreciation from the warrants it gets when producing this sort of personal debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional offices in Pleasanton, California and Reston, Virginia. To understand a lot more, make sure you take a look at www.horizontechfinance.com.
About Clara Foodstuff
Clara Foodstuff is a San Francisco-based foodstuff engineering organization with a mission to guide the world’s transition to animal-no cost proteins, starting off with the egg. Considering the fact that manufacturing facility-farm output of eggs is unsustainable for both equally the natural environment and for meeting the dietary requires of a rising population, Clara has formulated an option. Clara’s true, animal-free of charge egg proteins will be ready to be utilised in even the most sensitive of desserts: from angel food cakes to meringues. With the help of engineering and the knowhow of the Clara Foodstuff staff, a scrumptious and sustainable foreseeable future is probable! To discover additional, make sure you stop by www.clarafoods.com.
Statements included herein could constitute “forward-looking statements” in the meaning of the Non-public Securities Litigation Reform Act of 1995. Statements other than statements of historic specifics integrated in this push release may perhaps represent ahead-on the lookout statements and are not ensures of long run performance, issue or benefits and include a quantity of dangers and uncertainties. Actual effects may possibly differ materially from all those in the forward-wanting statements as a consequence of a variety of elements, including individuals explained from time to time in the Company’s filings with the Securities and Trade Commission. Horizon undertakes no responsibility to update any ahead-on the lookout statement made herein. All ahead-wanting statements talk only as of the day of this push release.
Media Relations: Clara Foods
Source Horizon Technological know-how Finance Company