Horizon Technology Finance Corporation: Business Overview, Financials & Competitive Analysis
Horizon Technology Finance Corporation scores 6/10 on the AskCyborg Cyborg Score (Solid). Venture debt specialist with solid market positioning and backing from Monroe Capital, but facing revenue headwinds and analyst "Hold" ratings. In 2024, HRZN's revenue was $99.92 million, a decrease of -11.95% compared to the previous year. The company operates in an attractive venture debt market with strong origination.
What is Horizon Technology Finance Corporation's industry? Horizon Technology Finance Corporation (horizontechfinance.com) operates in Specialty Finance / Venture Debt. AskCyborg classifies Horizon Technology Finance Corporation under Specialty Finance / Venture Debt in its company registry.
Horizon Technology Finance is a business development company specializing in lending and investing in development-stage investments, focusing on secured debt and venture lending to venture capital-backed companies in ...
Cyborg Score thesis
Venture debt specialist with solid market positioning and backing from Monroe Capital, but facing revenue headwinds and analyst...
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Get Current Report FreeHorizon Technology Finance Corporation Overview
Pro stress-test →Horizon Technology Finance is a business development company specializing in lending and investing in development-stage investments, focusing on secured debt and venture lending to venture capital-backed companies in technology, life science, healthcare, cleantech and sustainability industries. Since 2004, Horizon has directly originated and invested $3.8 billion in venture loans to more than 360 growing companies.
Strategic Profile
Pro stress-test →In 2023, Horizon was acquired by Monroe Capital, which provides Horizon with access to Monroe's platform, expertise and resources to scale Horizon's sourcing and debt financing capabilities. As of March 31, 2025, HRZN held a portfolio of warrant and equity positions in 105 portfolio companies, including 93 private companies, which provides the potential for future additional returns to shareholders.
Competitive Landscape
Pro stress-test →Within the BDC sector, many players are priced below the sector median P/NAV metric that indicates approximately 12% discount to NAV. Horizon competes with other specialty finance and venture debt providers in a market emphasizing quality selectivity and sector rotation among investors.
Industry Context
Horizon Technology Finance Corporation operates in Specialty Finance / Venture Debt.
Key facts
Founded: 2004 · Headquarters: Farmington, Connecticut · Revenue: $99.92M (2024)