USA – Horizon Technology Finance Corporation (NASDAQ: HRZN), a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, provided $30m to Kodiak Robotics, Inc., in the form of a growth capital credit facility.
Led by Don Burnette, Founder and Chief Executive Officer, Kodiak is a developer of self-driving long-haul trucks designed to make the freight industry safer and more efficient. Based in Mountain View, California with an operations hub in Dallas, Texas, the company delivers daily freight across Texas and Oklahoma for a range of commercial partners, including Werner Enterprises, CEVA Logistics, U.S. Xpress, and 10 Roads Express. Kodiak is backed by a consortium of premier investors including SIP Global Partners, The Pilot Company, Bridgestone Americas, Battery Ventures, Lightspeed Venture Partners and CRV.17/10/2022
