Vesta Healthcare (aka Hometeam Technologies, Inc.), a NYC-based tech-enabled clinical services company, receivded a $35M venture loan facility from Horizon Technology Finance (NASDAQ: HRZN).
A $25M portion has been initially funded.
The company will use the loan proceeds for general growth and working capital purposes.
Led by Randy Klein, Chief Executive Officer, Vesta Healthcare is a tech-enabled clinical services company that integrates caregivers, patients, and the healthcare delivery system to monitor chronic conditions of high-risk patients, enhance their quality of life and improve their health outcomes. By reducing hospital admissions and emergency visits via 24/7 clinical support and advanced analytics, Vesta Healthcare helps minimize unnecessary care utilization, which leads to significant cost savings. Vesta Healthcare is backed by investors including RA Capital Management, Oak HC/FT, Chrysalis Ventures, Kaiser Permanente Ventures, Lux Capital and Deerfield Management.
Horizon Technology Finance Corporation is an affiliate of Monroe Capital, and a specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries.
FinSMEs
03/09/2024