- Horizon Technology Finance (NASDAQ:HRZN) along with lending partner Trinity Capital (NASDAQ:TRIN) announced today that they provided a $40M venture loan to green construction technology company, Nexii Building Solutions.
- Under agreement terms, Horizon and a private investment vehicle managed by Horizon Technology Finance Management, Horizon's advisor, provided Nexii with $22.5M and $7.5M, respectively, while Trinity provided $10M.
- Nexii expects to use the loan proceeds for general growth and working capital purposes; it will be able to further expand its project capacity, increase the speed of delivery for transformative green building solutions.