Horizon Technology Finance Corp. is opening a new office in Reston, Va., and has named two new executives for its growing tech and clean tech markets.
The Farmington-based specialty finance company provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries.
The firm has hired Todd McDonald as managing director for the mid-Atlantic technology and clean technology markets, and Mike Lederman as managing director for the west coast technology and clean technology markets.
McDonald has approximately 20 years of business development experience in the financial services industry. He has held various positions at Comerica Bank, most recently as group manager and senior vice president, technology and life sciences division, where he oversaw a portfolio of venture-backed technology companies and led business development initiatives across the East Coast.
Lederman has more than 10 years of business development experience in the financial services industry. He will be based out of the company's office in Walnut Creek, Calif. Lederman most recently was Senior vice president and regional market manager, technology banking division, at Bridge Bank, NA, where he was responsible for new business development in the San Francisco area.