Secure Transfusion gets $15 million loan via Horizon Technology

By Wendy Van Sickle

Columbus, Ohio, March 17 – Secure Transfusion Services, Inc. closed a $15 million venture loan facility with Horizon Technology Finance Corp., according to a news release.

Horizon funded $5 million of the initial $10 million draw, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon’s adviser, funded $5 million.

Proceeds will be used for growth and working capital purposes.

Based in San Francisco, Secure Transfusion operates commercial blood collection centers that source and distribute vital, in-demand blood components, such as platelets, to hospitals.

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