Alula Holdings, a St Paul, MN-based company that designs and manufactures security systems, received a $13m of a $15m venture loan facility.
Horizon Technology Finance Corporation (NASDAQ: HRZN) provided the facility which will refinance existing debt as well as provide general working capital.
Led by Brian McLaughlin, Chief Executive Officer, Alula designs and manufactures security systems sold exclusively to professional distributors and dealers, offering them a complete end-to-end solution that integrates hardware and interactive services for a seamless security, automation and video experience.
The company currently partners with over 3,500 security dealers in the U.S., and its products can be white labeled for the dealer or carry the Alula brand. It was founded by ABS Capital Partners and Adams Street Partners.
FinSMEs
06/01/2020