Farmington’s Horizon Technology Finance Corp. said it raised $27.9 million through a recent public stock offering.
The venture lender sold two million shares of newly issued common stock, while an existing shareholder sold an additional 380,000 shares for $5.3 million, Horizon said. The proceeds of the secondary offering are separate.
Horizon intends to use its proceeds to make investments in portfolio companies and for working capital and general corporate purposes.
