Where is Horizon's headquarters located?

Horizon's headquarters is located in Farmington (United States).

How big is Horizon's investment team?

Horizon has a team of 8, including 3 partners.

How many companies has Horizon invested in?

Horizon has invested in 126 companies, including Getaround & HealthEdge.

Which companies has Horizon invested in lately?

Bioness Medical & Stellar Cyber are the latest investments by Horizon.

What sectors does Horizon focus on for investments?

Top sectors in Horizon's portfolio are Enterprise Applications (49 investments) and Life Sciences (43 investments).

How many exits has Horizon been involved in?

Horizon's portfolio has seen 8 IPOs and 47 acquisitions.

How many unicorns are there in Horizon's portfolio?

There are 2 unicorns in Horizon's portfolio.

Horizon - 2026 Investor Profile, Portfolio, Team & Investment Trends

Horizon, established in 2004, is a private debt fund primarily based in Farmington, United States. It specializes in financing Venture Debt round of companies based in United States. Its portfolio includes 126 firms, spanning the Enterprise Applications, Life Sciences sectors.

As of Oct 2026, Horizon has 2 unicorns under its belt and has witnessed 55 portfolio exits so far. Its most notable investments include companies like Getaround, HealthEdge and Samba.

Its latest investment was a $15M Conventional Debt round in Bioness Medical on Sep 04, 2026.

Key Metrics

Founded Year

2004

Location

Farmington, United States

Portfolio Companies

Getaround, HealthEdge & 124 more

Sectors of Investment

Enterprise Applications, Life Sciences & 28 more

Stages of Investment

Venture Debt, Conventional Debt & 7 more

Locations of Investment

United States, Canada & 1 more

Unicorn in Portfolio

Nexii & Divergent

View Horizon's full profile

Horizon has a portfolio of 126 companies, including 2 unicorns. Their most notable investments are in Bioness Medical and SavingStar.Their portfolio spans across United States, Canada and Israel. They have invested in Enterprise Applications, Life Sciences, High Tech and 27 other sectors, across stages such as Venture Debt, Conventional Debt and 7 more. Here is the list of top investments by Horizon:

1. Getaround

App-based peer-to-peer carsharing platform. The platform enables car owners to rent their cars to a community of drivers using their smartphones. Drivers can find the car using an app and reserve it through the app for using the car. Their app is available for iOS and Android devices.

Key facts about Getaround

Founded Year: 2011
Location: San Francisco (United States)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $736M
Employee Count: 255 as on Sep 30, 2026
Investors: Redpoint Ventures, Reinvent Capital and 72 Others
Latest Funding Round: Conventional Debt, Jan 24, 2024, $*****
Highlight: Acquired

2. HealthEdge

HealthEdge provides a suite of software products for the healthcare payer market. Suite platform HealthRules is delivered to customers via the HealthEdge Cloud or on-site deployment. The suite includes claims and benefits administration, care management, business intelligence, and portal solutions designed to empower healthcare payers to capitalize on innovations and opportunities that await them in the new healthcare economy.

Key facts about HealthEdge

Founded Year: 2004
Location: Burlington (United States)
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $108M
Employee Count: 2,537 as on Sep 30, 2026
Investors: Golub Growth, Ardan Equity Partners and 7 Others
Latest Funding Round: Venture Debt, Jul 11, 2017, $*****
Highlight: Acquired

3. Samba

Provider of television viewership data and advertising and measurement solutions. The company offers a technology stack that includes a television panel. It provides advertising and measurement solutions. The company states that it complies with privacy laws.

Key facts about Samba

Founded Year: 2008
Location: San Francisco (United States)
Valuation: $*****
Stage: Series B
Total Funding till date: $46.3M
Employee Count: 408 as on Jun 30, 2026
Investors: August Capital, Union Grove Venture Partners and 21 Others
Latest Funding Round: Venture Debt, Dec 08, 2025, $*****
Highlight: Editors' Pick

4. Primary

Internet first brand offering multi-category kids apparel. The product catalog includes tees, tanks, swimwear, leggings, bedding, loungewear, blankets, footies, sweatshirts, sleep sacks, rash guards, baby gits, etc.

Key facts about Primary

Founded Year: 2014
Location: New York City (United States)
Stage: Series C
Total Funding till date: $80M
Employee Count: 452 as on Sep 30, 2026
Investors: Western Technology Investment, Harrison Metal and 16 Others
Latest Funding Round: Series C, Jul 26, 2023, $*****
Highlight: Editors' Pick

5. Revance Therapeutics

Developer of neurotoxin aesthetic and therapeutic products for skin treatments. It focused on developing innovative products in the aesthetic medicine and personal wellness categories. It has developed a platform technology that enables the delivery of large macromolecules and other potent molecules across the skin. Its aesthetics pipeline includes RT001 for lateral canthal lines and RT002 for glabellar lines. It has the same products as therapies for Hyperhidrosis and Cervical Dystonia.

Key facts about Revance Therapeutics

Founded Year: 2002
Location: Newark (United States)
Annual Revenue: $100M - $500M as on Dec 31, 2023
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $155M
Employee Count: 724 as on Mar 31, 2026
Investors: Athyrium Capital Management, Vivo Capital and 17 Others
Latest Funding Round: Series E, Oct 22, 2013, $*****
Highlight: Acquired

View the full list of portfolio companies

Horizon has invested in 126 companies over the last 22 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 3 investments in this year. Its most recent first time investment was in Bioness Medical and most recent follow-on round was in Nexii.

Here are Horizon's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	3	0	3
2025	3	0	3
2024	4	0	4
2023	7	0	7
2022	11	2	13
2021	11	1	12
2020	11	0	11
2019	5	0	5
2018	4	0	4
2017	8	0	8

View all investments by Horizon

Horizon has made 96 investments in Venture Debt stage with an average round size of $14.8M, 15 investments in Conventional Debt stage with an average round size of $19.2M and 4 investments in Series C stage with an average round size of $15.8M.

Here are Horizon's investments by stage:

Stage of entry	No. of Investments
Venture Debt	96
Conventional Debt	15
Series C	4
Series D	2
PE	1
Others	4

Note: We have considered here, only first round of investments

View all investments by Horizon

Horizon has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, High Tech, Vertical SaaS and Consumer. Notably, it has invested in 108 Tech companies, 99 Enterprise (B2B) companies, 53 Software companies and at least 25 companies focusing on Saas.

Here are Horizon's investments by sector:

Sector	No. of Investments
Enterprise Applications	48
Life Sciences	39
High Tech	28
Vertical SaaS	12
Consumer	11
Others	124

Note: We have considered here, only first round of investments

View all investments by Horizon

Horizon has made most investments in United States (116), followed by Canada where it has made 3 investments.

Here are Horizon's investments by geography:

Country	No. of Investments
United States	116
Canada	3
Israel	1

Note: We have considered here, only first round of investments

View all investments by Horizon

Horizon has made 3 investments in 2026 so far. Bioness Medical and Stellar Cyber are the latest among them.

Here are the most recent investments by Horizon:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Sep 04, 2026	Bioness Medical	-	Conventional Debt	2290	-
Apr 17, 2026	Stellar Cyber	United States	Conventional Debt	1408	-
Feb 12, 2026	Ossio	Israel	Conventional Debt	6186	Monroe Capital
Dec 08, 2025	Samba	United States	Venture Debt	3874	-
May 21, 2025	SparkCharge	United States	Venture Debt	9982	-

See more recent investments made by Horizon

Horizon has 2 unicorns in its portfolio - Nexii and Divergent. The most recent unicorn in their portfolio is Nexii. It became a unicorn in 2022.

Here is a list of unicorns in Horizon's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
45	Nexii	Provider of prefabricated panel systems for commercial and industrial building construction	2018	Real Estate and Construction Tech	Vancouver	Series C	e{glloi
51	Divergent	Manufacturer of complex metal structures using software defined production systems	2014	Enterprise Applications [+1]	Torrance	Series E	fvokxam

View more details about unicorns in Horizon's portfolio

8 of Horizon's portfolio companies have become public. Kodiak Robotics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 and Ceribell got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $578M.

Here are Horizon's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Kodiak Robotics	Sep 25, 2025	Oct 12, 2022	Conventional Debt	7648
Ceribell	Oct 11, 2024	May 01, 2020	Venture Debt	3010
Nogin	Sep 24, 2021	Aug 22, 2021	Venture Debt	9661
Mustang Bio	Apr 14, 2017	Apr 01, 2019	Conventional Debt	6861
PDS Biotechnology	Oct 01, 2015	Aug 25, 2022	Conventional Debt	6135

View more details about public companies in Horizon's portfolio

47 companies from Horizon's portfolio have been acquired. The most recent acquisition was Mirantis in May 2026 by IREN for $*****.

Here are Horizon's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Mirantis	May 05, 2026	Oct 11, 2023	Venture Debt	5067
Emalex Biosciences	Apr 29, 2026	Jun 03, 2020	Venture Debt	5298
Topia	Jun 25, 2025	Oct 05, 2020	Venture Debt	4590
Lotame	Mar 06, 2025	Mar 27, 2013	Venture Debt	6167
Revance Therapeutics	Feb 08, 2025	-	-	2907

View all acquired companies in Horizon's portfolio

Horizon has a team of 8 members including 3 Partners and 1 Principal located in United States.

Here is a list of all team members in Horizon:

Name	Designation	Location	Contact Details
Gerald A Michaud	Partner	Farmington	2 Phone numbers
Gerald A Michaud	Partner	-	-
Kevin Walsh	Partner	Pleasanton	1 Email
Rob Michaud	Principal	Portland	-

View team details of Horizon

Over the past 22 years, 768 investors have co-invested in Horizon's portfolio companies. This includes funds and angels.

Invested before Horizon: National Science Foundation, HHS and 567 others have invested in rounds before Horizon. There are 7 companies where National Science Foundation has invested before Horizon and 5 companies where HHS has invested before Horizon.
Top Co-investors of Horizon: 44 investors entered a company along with Horizon. These include investors like SVB (5 companies).
Invested after Horizon: A total of 155 investors have invested in Horizon's portfolio after their investments. Top Investors include Morgan Stanley (3 companies) and RA Capital Management (2 companies).