January 5, 2018

Horizon Tech funds $15M to IntelePeer

Farmington's Horizon Technology Finance Corp. has committed a $15 million loan to a Silicon Valley provider of cloud-based business communications.

IntelePeer Cloud Communications LLC, of San Mateo, Calif., received an initial funding of $12 million as working capital, Horizon said.

IntelePeer provides a cloud-based communication platform that offers contact center and enterprise voice services, video-conferencing, text, voice on a variety of mobile devices and apps.

IntelePeer's other investors include VantagePoint Venture Partners, Kennet Partners and NorthCap Partners.

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