San Francisco, CA – SafelyYou, Inc., a leading provider of remote care platforms, has secured a $30 million venture loan facility from Horizon Technology Finance Corporation (NASDAQ: HRZN). The initial funding of $10 million marks the beginning of a strategic partnership to support SafelyYou’s business growth and expansion.
The loan proceeds will be utilized by SafelyYou to further enhance and extend its innovative remote care platform. Under the leadership of Founder and CEO George Netscher, SafelyYou has developed a cutting-edge solution that integrates real-time AI video technology with a 24/7 remote clinical team. This powerful combination enables senior living communities to effectively reduce resident fall rates and minimize emergency room visits, leading to improved safety and quality of life for older adults. The platform has garnered support from renowned investors, including Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors, Inc.
The partnership with Horizon Technology Finance Corporation demonstrates the confidence in SafelyYou’s mission and the potential of its remote care platform. The loan facility will provide the necessary financial resources to accelerate SafelyYou’s business reach and foster innovation within the remote care space. By leveraging this investment, SafelyYou aims to expand its presence in senior living communities, empower more caregivers with advanced technology, and continue making a significant impact in improving the well-being of older adults.
SafelyYou’s commitment to utilizing real-time AI video technology combined with remote clinical expertise has proven to be a game-changer in the senior care industry. With the support of Horizon Technology Finance, SafelyYou is well-positioned to drive positive change and revolutionize the way senior living communities deliver care and ensure the safety of their residents. The partnership represents an important milestone in SafelyYou’s journey as it works towards redefining remote care and setting new standards for excellence in the field.