Ekahau, Inc. announced today that Horizon Technology Finance Corporation had led a US$6 million venture loan facility for the tech company. Horizon Technology Finance Corporation is a provider of secured loans to private equity and venture capital backed development-stage businesses. The businesses the financial firm targets are those in the various industries within the life science, technology, clean-tech segments, and healthcare information and services sectors. Ekahau is a technology innovator that provides Wi-Fi-based technology called Real-Time Location Systems. The technology enables their clients to manage, locate, and track various assets such as staff, visitors, and even inventory.

"We appreciate Horizon's support and confidence in Ekahau. Horizon provided growth capital that matched Ekahau's financing needs with an appropriate structure and attractive terms. We look forward to working with Horizon as we maintain our focus on driving growth in the healthcare, retail and education markets," Ekahau President and CEO Mark Norris said.

Ekahau intends to utilize the money to increase its working capital. Horizon funded $1.5 million of its $3 million commitment under the venture loan facility.

"We are pleased to lead this venture loan facility for Ekahau which will support Ekahau's continued customer and revenue growth. Ekahau's innovative technology platform delivers real-time location intelligence enabling a broad range of public and private sector enterprises to enhance their operational visibility and increase productivity," Horizon president Gerald A. Michaud explained.