Magnolia Medical receives $20 million venture loan from Horizon

Chicago, May 26 – Magnolia Medical Technologies, Inc. received a $20 million secured venture loan from Horizon Technology Finance Corp., according to a news release.

The loan was provided on May 6.

Proceeds will be used to continue to drive commercial growth, scale new product launches and invest in technology platform extensions.

Horizon regularly receives warrants when it makes a venture loan.

Magnolia Medical Technologies is a developer and manufacturer of blood and bodily fluid collection devices with headquarters in Seattle.

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