Horizon Technology Finance, which provides secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, extended a $30 million venture loan facility to SafelyYou, of which $10 million has been initially funded.
SafelyYou has developed a remote care platform that combines real-time AI video technology with a 24/7 remote clinical team. Senior living communities that utilize SafelyYou’s technology have considerably reduced resident fall rates and significantly lowered emergency room visits, resulting in improved care for residents and reduced costs for senior living operators. SafelyYou is backed by investors including Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors. SafelyYou will use the loan proceeds to further its mission of IMPROVING dementia care and making its care available to more people. Read more.
