Avalanche Technology has obtained a $12.5 million venture loan facility from Horizon Technology Finance, a provider of secured loans to VC and PE-backed development stage within the technology, life science, healthcare information and services, and cleantech industries. Avalanche, a developer of non-volatile magnetic memory technology, has raised over $35 million in venture funding since 2007. Vulcan Capital, Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures, Qualcomm Ventures and Leader Ventures all participated in the company's latest financing—an $11.5 million round raised January.
