BDC·info
HRZN

Horizon Technology Finance

Period
SEC EDGAR ↗
Portfolio Fair Value
$579.17M
159 holdings
Avg Spread
+4.11%
FV-weighted, debt
Avg Coupon
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
-$57.09M
-8.97% of cost
Non-Accrual
0
text-detected

Balance sheet

Assets$726.80M
Liabilities + Equity$726.80M
Other Debt
$622.65M · 85.7%
Other Assets
$79.48M · 10.9%
Debt (Borrowings)
$425.14M · 58.5%
Net Assets (Equity)
$283.80M · 39.0%

Industry Composition

Software
35.3%
Medical Device
32.5%
Biotechnology
12.8%
Other Healthcare Services
6.8%
Consumerrelated Technologies
3.2%
Other Sustainability
2.5%
Life Science
2.4%
Sustainability
1.7%
Diagnostics
1.7%
Alternative Energy
0.8%
Technology
0.2%
Unclassified
0.1%

Fair Value History

Q2 '25
Q3 '25
Q4 '25

Spread Distribution

2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
159 of 159
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Vero Biotech, Inc.
Medical Device
Term Loan
$14.77M
$14.77M
$0.00
+3.75%
2029-01-01
Castle Creek Biosciences
Biotechnology
Term Loan
$9.93M
$9.93M
$0.00
+4.25%
2028-03-01
Long Grove Pharmaceuticals
Biotechnology
Term Loan
$9.92M
$9.92M
$0.00
+4.00%
2031-02-27
Elligo Health Research, Inc.
Software
Term Loan
$9.91M
$9.91M
$0.00
+3.50%
2027-10-01
Scientia Vascular, Inc.
Medical Device
Term Loan
$9.88M
$9.88M
$0.00
+2.75%
2030-07-01
Onkos Surgical, Inc.
Medical Device
Term Loan
$9.86M
$9.86M
$0.00
+3.25%
2030-01-01
Vero Biotech, Inc.
Medical Device
Term Loan
$9.85M
$9.85M
$0.00
+3.75%
2029-01-01
Scientia Vascular, Inc.
Medical Device
Term Loan
$9.84M
$9.84M
$0.00
+2.75%
2030-07-01
Onkos Surgical, Inc.
Medical Device
Term Loan
$9.83M
$9.83M
$0.00
+3.25%
2030-01-01
Noodle Partners, Inc.
Software
Term Loan
$8.70M
$8.70M
$0.00
+5.00%
2027-03-01
Kodiak Robotics
Software
Term Loan
$8.31M
$8.31M
$0.00
+5.50%
2026-04-01
Kodiak Robotics
Software
Term Loan
$8.31M
$8.31M
$0.00
+5.50%
2026-04-01
Mastery Prep, LLC
Software
Term Loan
$7.42M
$7.42M
$0.00
+4.00%
2029-07-01
GT Medical Technologies, Inc.
Other Healthcare Services
Term Loan
$7.40M
$7.40M
$0.00
+3.25%
2029-10-01
Mastery Prep, LLC
Software
Term Loan
$7.38M
$7.38M
$0.00
+4.00%
2029-07-01
Bright Insight, Inc.
Software
Term Loan
$6.97M
$6.97M
$0.00
+5.50%
2027-08-01
Castle Creek Biosciences
Biotechnology
Term Loan
$5.46M
$5.46M
$0.00
+4.25%
2028-03-01
MMLUS, Inc.
Medical Device
Term Loan
$5.00M
$5.00M
$0.00
+3.00%
2030-03-01
MMLUS, Inc.
Medical Device
Term Loan
$5.00M
$5.00M
$0.00
+3.00%
2030-03-01
Supply Network Visibility Holdings, LLC
Software
Term Loan
$4.99M
$4.99M
$0.00
+4.25%
2029-07-01
Sonex Health, Inc.
Medical Device
Term Loan
$4.97M
$4.97M
$0.00
+3.50%
2027-09-01
Sonex Health, Inc.
Medical Device
Term Loan
$4.97M
$4.97M
$0.00
+3.50%
2027-09-01
Castle Creek Biosciences
Biotechnology
Term Loan
$4.97M
$4.97M
$0.00
+4.25%
2028-03-01
Castle Creek Biosciences
Biotechnology
Term Loan
$4.97M
$4.97M
$0.00
+4.25%
2028-03-01
MMLUS, Inc.
Medical Device
Term Loan
$4.97M
$4.97M
$0.00
+3.00%
2030-03-01
MMLUS, Inc.
Medical Device
Term Loan
$4.96M
$4.96M
$0.00
+3.00%
2030-03-01
Safely You, Inc.
Software
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2027-06-01
Safely You, Inc.
Software
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2027-06-01
Hometeam Technologies, Inc.
Other Healthcare Services
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2029-08-01
Hometeam Technologies, Inc.
Other Healthcare Services
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2029-08-01
Hometeam Technologies, Inc.
Other Healthcare Services
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2029-08-01
Hometeam Technologies, Inc.
Other Healthcare Services
Term Loan
$4.96M
$4.96M
$0.00
+3.25%
2029-08-01
Pivot Bio Inc Energy Efficiency
Sustainability
Term Loan
$4.96M
$4.96M
$0.00
+4.00%
2029-02-01
Elligo Health Research, Inc.
Software
Term Loan
$4.96M
$4.96M
$0.00
+3.50%
2027-10-01
Elligo Health Research, Inc.
Software
Term Loan
$4.96M
$4.96M
$0.00
+3.50%
2027-10-01
Elligo Health Research, Inc.
Software
Term Loan
$4.96M
$4.96M
$0.00
+3.50%
2027-10-01
Brit Core Holdings, Inc.
Software
Term Loan
$4.95M
$4.95M
$0.00
+5.50%
2028-10-01
Ceribell Inc Medical Device Term Lon
Life Science
Term Loan
$4.95M
$4.95M
$0.00
+2.75%
2029-03-01
Mirantis, Inc.
Software
Term Loan
$4.95M
$4.95M
$0.00
+3.50%
2028-10-01
Mirantis, Inc.
Software
Term Loan
$4.95M
$4.95M
$0.00
+3.50%
2028-10-01
Mirantis, Inc.
Software
Term Loan
$4.95M
$4.95M
$0.00
+3.50%
2028-10-01
Mirantis, Inc.
Software
Term Loan
$4.95M
$4.95M
$0.00
+3.50%
2028-10-01
Scientia Vascular, Inc.
Medical Device
Term Loan
$4.94M
$4.94M
$0.00
+2.75%
2030-07-01
Onkos Surgical, Inc.
Medical Device
Term Loan
$4.93M
$4.93M
$0.00
+3.25%
2030-01-01
Onkos Surgical, Inc.
Medical Device
Term Loan
$4.93M
$4.93M
$0.00
+3.25%
2030-01-01
Infobionic, Inc.
Medical Device
Term Loan
$4.93M
$4.93M
$0.00
+4.50%
2029-09-01
Infobionic, Inc.
Medical Device
Term Loan
$4.93M
$4.93M
$0.00
+4.50%
2029-09-01
Infobionic, Inc.
Medical Device
Term Loan
$4.93M
$4.93M
$0.00
+4.50%
2029-09-01
Parse Biosciences, Inc.
Diagnostics
Term Loan
$4.92M
$4.92M
$0.00
+3.25%
2028-01-01
Spineology, Inc.
Medical Device
Term Loan
$4.92M
$4.92M
$0.00
+5.00%
2029-08-01
Vero Biotech, Inc.
Medical Device
Term Loan
$4.92M
$4.92M
$0.00
+3.75%
2029-01-01
Crafty Holdings, Inc.
Software
Term Loan
$4.92M
$4.92M
$0.00
+4.50%
2029-01-01
Crafty Holdings, Inc.
Software
Term Loan
$4.92M
$4.92M
$0.00
+4.50%
2029-01-01
Hometeam Technologies, Inc.
Other Healthcare Services
Term Loan
$4.86M
$4.86M
$0.00
+3.25%
2029-08-01
Crafty Holdings, Inc.
Software
Term Loan
$4.86M
$4.86M
$0.00
+4.50%
2029-01-01
Pivot Bio Inc Energy Efficiency
Sustainability
Term Loan
$4.85M
$4.85M
$0.00
+4.00%
2029-02-01
Parse Biosciences, Inc.
Diagnostics
Term Loan
$4.84M
$4.84M
$0.00
+3.25%
2028-01-01
Ceribell Inc Medical Device Term Lon
Life Science
Term Loan
$4.83M
$4.83M
$0.00
+2.75%
2029-03-01
KSQ Therapeutics, Inc.
Biotechnology
Term Loan
$4.73M
$4.73M
$0.00
+4.75%
2030-04-01
KSQ Therapeutics, Inc.
Biotechnology
Term Loan
$4.73M
$4.73M
$0.00
+4.75%
2030-04-01
KSQ Therapeutics, Inc.
Biotechnology
Term Loan
$4.73M
$4.73M
$0.00
+4.75%
2030-04-01
KSQ Therapeutics, Inc.
Biotechnology
Term Loan
$4.73M
$4.73M
$0.00
+3.75%
2030-04-01
Noodle Partners, Inc.
Software
Term Loan
$4.35M
$4.35M
$0.00
+5.00%
2027-03-01
Noodle Partners, Inc.
Software
Term Loan
$4.35M
$4.35M
$0.00
+5.00%
2027-03-01
Spineology, Inc.
Medical Device
Term Loan
$4.19M
$4.19M
$0.00
+5.00%
2029-08-01
Spineology, Inc.
Medical Device
Term Loan
$4.19M
$4.19M
$0.00
+5.00%
2029-08-01
Kodiak Robotics
Software
Term Loan
$4.16M
$4.16M
$0.00
+5.50%
2026-04-01
Kodiak Robotics
Software
Term Loan
$4.16M
$4.16M
$0.00
+5.50%
2026-04-01
Emalex Biosciences, Inc.
Biotechnology
Term Loan
$4.16M
$4.16M
$0.00
+4.72%
2026-05-01
Viken Detection, Corporation
Software
Term Loan
$3.97M
$3.97M
$0.00
+4.00%
2027-06-01
Ceribell Inc Medical Device Term Lon
Life Science
Term Loan
$3.96M
$3.96M
$0.00
+2.75%
2029-03-01
Dropoff, Inc.
Software
Term Loan
$3.74M
$6.76M
-$3.02M
+6.50%
2026-06-01
Sonex Health, Inc.
Medical Device
Term Loan
$3.72M
$3.72M
$0.00
+3.50%
2028-04-01
Sonex Health, Inc.
Medical Device
Term Loan
$3.72M
$3.72M
$0.00
+3.50%
2028-04-01
Sonex Health, Inc.
Medical Device
Term Loan
$3.72M
$3.72M
$0.00
+3.50%
2028-04-01
Sonex Health, Inc.
Medical Device
Term Loan
$3.72M
$3.72M
$0.00
+3.50%
2028-04-01
Micro Transponder, Inc.
Medical Device
Term Loan
$3.71M
$3.71M
$0.00
+3.75%
2029-01-01
Micro Transponder, Inc.
Medical Device
Term Loan
$3.71M
$3.71M
$0.00
+3.75%
2029-01-01
GT Medical Technologies, Inc.
Other Healthcare Services
Term Loan
$3.70M
$3.70M
$0.00
+3.25%
2029-10-01
GT Medical Technologies, Inc.
Other Healthcare Services
Term Loan
$3.60M
$3.60M
$0.00
+3.25%
2029-10-01
Supply Network Visibility Holdings, LLC
Software
Term Loan
$3.49M
$3.49M
$0.00
+4.25%
2028-06-01
Bright Insight, Inc.
Software
Term Loan
$3.48M
$3.48M
$0.00
+5.50%
2027-08-01
Bright Insight, Inc.
Software
Term Loan
$3.48M
$3.48M
$0.00
+5.50%
2027-08-01
Dropoff, Inc.
Software
Term Loan
$3.45M
$6.24M
-$2.79M
+6.50%
2026-06-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$3.16M
$4.94M
-$1.78M
+6.75%
2026-04-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$3.16M
$4.94M
-$1.78M
+6.75%
2026-05-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$3.16M
$4.94M
-$1.78M
+5.50%
2026-12-01
Happy Co, Inc.
Software
Term Loan
$2.97M
$2.97M
$0.00
+4.00%
2030-02-01
Happy Co, Inc.
Software
Term Loan
$2.94M
$2.94M
$0.00
+4.00%
2030-02-01
Havenly, Inc.
Consumerrelated Technologies
Term Loan
$2.81M
$2.81M
$0.00
+3.50%
2028-02-01
Havenly, Inc.
Consumerrelated Technologies
Term Loan
$2.81M
$2.81M
$0.00
+3.50%
2028-02-01
Conventus Orthopaedics, Inc.
Medical Device
Term Loan
$2.77M
$2.77M
$0.00
+4.82%
2026-07-01
Conventus Orthopaedics, Inc.
Medical Device
Term Loan
$2.77M
$2.77M
$0.00
+4.82%
2026-07-01
Bright Insight, Inc.
Software
Term Loan
$2.73M
$2.73M
$0.00
+5.50%
2028-04-01
MMLUS, Inc.
Medical Device
Term Loan
$2.50M
$2.50M
$0.00
+3.00%
2030-03-01
Supply Network Visibility Holdings, LLC
Software
Term Loan
$2.50M
$2.50M
$0.00
+4.25%
2028-06-01
Sonex Health, Inc.
Medical Device
Term Loan
$2.48M
$2.48M
$0.00
+3.50%
2027-09-01
Sonex Health, Inc.
Medical Device
Term Loan
$2.48M
$2.48M
$0.00
+3.50%
2027-09-01
Brit Core Holdings, Inc.
Software
Term Loan
$2.48M
$2.48M
$0.00
+5.50%
2028-10-01
Brit Core Holdings, Inc.
Software
Term Loan
$2.48M
$2.48M
$0.00
+5.50%
2028-10-01
Brit Core Holdings, Inc.
Software
Term Loan
$2.48M
$2.48M
$0.00
+5.50%
2028-10-01
Brit Core Holdings, Inc.
Software
Term Loan
$2.47M
$2.47M
$0.00
+5.50%
2029-04-01
Brit Core Holdings, Inc.
Software
Term Loan
$2.47M
$2.47M
$0.00
+5.50%
2030-02-01
Spark Charge, Inc.
Alternative Energy
Term Loan
$2.47M
$2.47M
$0.00
+4.00%
2029-05-01
Optoro, Inc.
Consumerrelated Technologies
Term Loan
$2.46M
$2.46M
$0.00
+6.25%
2027-08-01
Spineology, Inc.
Medical Device
Term Loan
$2.46M
$2.46M
$0.00
+5.00%
2029-08-01
Vero Biotech, Inc.
Medical Device
Term Loan
$2.46M
$2.46M
$0.00
+3.75%
2029-01-01
Ursa Space Systems, Inc.
Software
Term Loan
$2.45M
$2.45M
$0.00
+4.00%
2028-11-01
Supply Network Visibility Holdings, LLC
Software
Term Loan
$2.42M
$2.42M
$0.00
+4.25%
2028-06-01
MMLUS, Inc.
Medical Device
Term Loan
$2.40M
$2.40M
$0.00
+3.00%
2030-03-01
Ursa Space Systems, Inc.
Software
Term Loan
$2.37M
$2.37M
$0.00
+4.00%
2028-11-01
Spark Charge, Inc.
Alternative Energy
Term Loan
$2.34M
$2.34M
$0.00
+4.00%
2029-05-01
Lyrical Foods, Inc.
Consumerrelated Technologies
Term Loan
$2.29M
$2.77M
-$479.0K
+3.50%
2028-07-01
Native Microbials, Inc.
Biotechnology
Term Loan
$2.12M
$2.12M
$0.00
+5.25%
2026-11-01
Havenly, Inc.
Consumerrelated Technologies
Term Loan
$2.02M
$2.02M
$0.00
+5.00%
2027-03-01
Viken Detection, Corporation
Software
Term Loan
$1.99M
$1.99M
$0.00
+4.00%
2027-06-01
Viken Detection, Corporation
Software
Term Loan
$1.99M
$1.99M
$0.00
+4.00%
2027-06-01
Happy Co, Inc.
Software
Term Loan
$1.98M
$1.98M
$0.00
+4.00%
2030-02-01
Optoro, Inc.
Consumerrelated Technologies
Term Loan
$1.82M
$1.82M
$0.00
+6.25%
2028-07-01
Emalex Biosciences, Inc.
Biotechnology
Term Loan
$1.66M
$1.66M
$0.00
+4.72%
2025-11-01
Tallac Therapeutics, Inc.
Biotechnology
Term Loan
$1.60M
$2.48M
-$878.0K
+4.25%
2027-08-01
Tallac Therapeutics, Inc.
Biotechnology
Term Loan
$1.60M
$2.48M
-$878.0K
+4.25%
2027-08-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$1.58M
$2.47M
-$890.0K
+6.75%
2026-04-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$1.58M
$2.47M
-$890.0K
+6.75%
2026-05-01
Soli Organic, Inc.
Other Sustainability
Term Loan
$1.58M
$2.47M
-$889.0K
+5.50%
2026-12-01
Supply Network Visibility Holdings, LLC
Software
Term Loan
$1.50M
$1.50M
$0.00
+4.25%
2028-06-01
Scientia Vascular, Inc.
Medical Device
Term Loan
$1.48M
$1.48M
$0.00
+2.75%
2030-07-01
Provivi
Biotechnology
Term Loan
$1.44M
$3.43M
-$1.99M
+5.36%
2027-01-01
Provivi
Biotechnology
Term Loan
$1.44M
$3.43M
-$1.99M
+5.36%
2027-01-01
Dropoff, Inc.
Software
Term Loan
$1.44M
$2.60M
-$1.16M
+6.50%
2026-06-01
Native Microbials, Inc.
Biotechnology
Term Loan
$1.41M
$1.41M
$0.00
+5.25%
2026-11-01
Havenly, Inc.
Consumerrelated Technologies
Term Loan
$1.30M
$1.30M
$0.00
+5.00%
2027-03-01
Aerobiotix, LLC
Medical Device
Term Loan
$1.09M
$2.48M
-$1.39M
2028-04-01
Aerobiotix, LLC
Medical Device
Term Loan
$1.09M
$2.48M
-$1.39M
2028-04-01
Next Car Holding Company Inc Consumerrelated Technologies Term Loan7Member
Technology
Term Loan
$931.0K
$5.28M
-$4.34M
+5.75%
2023-10-31
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$931.0K
$5.28M
-$4.34M
+5.75%
2023-10-31
Nexii Inc Other Sustanability
Term Loan
$801.0K
$801.0K
$0.00
2027-07-01
Stealth Biotherapeutics, Inc.
Biotechnology
Term Loan
$801.0K
$801.0K
$0.00
+5.50%
2025-10-01
Provivi
Biotechnology
Term Loan
$720.0K
$1.71M
-$994.0K
+5.36%
2027-01-01
Provivi
Biotechnology
Term Loan
$720.0K
$1.71M
-$994.0K
+5.36%
2027-01-01
Provivi
Biotechnology
Term Loan
$720.0K
$1.71M
-$993.0K
+5.36%
2027-01-01
Provivi
Biotechnology
Term Loan
$720.0K
$1.71M
-$993.0K
+5.36%
2027-01-01
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$558.0K
$3.17M
-$2.61M
+5.75%
2023-10-31
Next Car Holding Company Inc Consumerrelated Technologies Term Loan8Member
Technology
Term Loan
$465.0K
$2.64M
-$2.17M
+5.75%
2023-10-31
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$465.0K
$2.64M
-$2.17M
+5.75%
2023-10-31
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$465.0K
$2.64M
-$2.17M
+5.75%
2023-10-31
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$465.0K
$2.64M
-$2.17M
+5.75%
2023-10-31
Stealth Biotherapeutics, Inc.
Biotechnology
Term Loan
$401.0K
$401.0K
$0.00
+5.50%
2025-10-01
Next Car Holding Company, Inc.
Consumerrelated Technologies
Term Loan
$372.0K
$2.11M
-$1.74M
+5.75%
2023-10-31
Greenlight Biosciences, Inc.
Biotechnology
Term Loan
$167.0K
$167.0K
$0.00
+5.75%
2025-07-01
Aerobiotix, LLC
Medical Device
Term Loan
$85.0K
$194.0K
-$109.0K
2028-04-01
Greenlight Biosciences, Inc.
Biotechnology
Term Loan
$83.0K
$83.0K
$0.00
+5.75%
2025-07-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$300.0K
-$300.0K
+6.00%
2026-06-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$1.57M
-$1.57M
+6.00%
2026-06-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$1.57M
-$1.57M
+6.00%
2026-06-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$150.0K
-$150.0K
+6.00%
2026-06-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$3.15M
-$3.15M
+6.00%
2026-06-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$300.0K
-$300.0K
2025-03-01
Hound Labs, Inc.
Diagnostics
Term Loan
$0.00
$250.0K
-$250.0K
2025-03-01
Disclosed holdings FV
$622.65M
Parsed holdings FV
$579.17M
Residual gap
$43.48M
Balance-sheet cash
$24.66M
CIK
0001487428
Accession
0001437749-25-025497
Form type
10-Q
Period
2025-06-30