Horizon Technology Finance Provides $15 Million Venture Loan Facility to Topia, a leader in Global Talent Mobility
Horizon Technology Finance Corporation, a leading specialty finance company that provides capital in the form of secured l**** to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a $15 million venture loan facility to Topia Mobility Inc. to further accelerate Topia’s market expansion.
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“Topia’s customers include major multi-national enterprises across multiple industries, which speaks to its clear success, as well as its ability to continue leading the way with new solutions for today’s remote and distributed workforces,” said Gerald A. Michaud, President of Horizon. “We are excited to support Topia’s growth objectives as it continues to innovate and to provide unique and powerful solutions for mobility, payroll and compliance needs.”
Topia’s vision is to transform and enhance the way companies manage their global workforce. Topia offers a proprietary suite of subscription-based software solutions that convert laborious manual processes into automated, easy-to-manage digital processes. Topia’s solutions help companies deploy and engage employees anywhere in the world. Recently, Topia unveiled Topia One, which seamlessly integrates its suite of software solutions onto one platform. Topia has received funding from premier tech investors, including New Enterprise Associates (now NewView Capital) and Notion Capital.
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“We are delighted with Horizon’s support of Topia, and its recognition of the way we have transformed the global talent mobility space,” said Shawn Farshchi, Chief Executive Officer of Topia. “With Topia One, we have created the first cloud-based open platform that provides an integrated data standard across global talent mobility, while we continue to create and offer additional solutions to solve the mobility challenges created by COVID-19. Horizon’s support allows us to focus on the next generation of Topia solutions and enhance our marketing efforts in order to rapidly expand our business and market share.”
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