FinTechFunding

Canary Medical: Receives $20M Venture Loan Facility

  • Canary Medical, Inc., a Canada-based medical data company, received a $20m venture loan facility
  • Horizon Technology Finance Corporation (NASDAQ: HRZN) and Silicon Valley Bank provided the financing
  • Under the terms of the agreement, Horizon and SVB will each provide Canary Medical with $10m of borrowing capacity
  • The company expects to use the loan proceeds for general working capital purposes
  • Canary Medical is a medical data company improving healthcare outcomes through the continuous collection, analysis
  • The company, which has U.S. offices in Carlsbad, CA, has raised approximately $45m from a premier syndicate of investors
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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