Skylight Fuels Family-First Innovation with $50 Million of Financing From SG Credit Partners and Wingspire Capital

Company Overview - Skylight has secured a $50 million loan through an expanded partnership with SG Credit Partners and Wingspire Capital, supporting its mission to meet the growing demand for its technology for families [1][4] - The company has achieved 99% year-over-year revenue growth, indicating strong market performance and demand for its products [1] Financial Details - The financing will fund inventory purchases, enabling Skylight to scale with consumer demand while continuing to innovate [3] - SG Credit Partners increased its commitment from a previous $20 million facility to $50 million, highlighting confidence in Skylight's growth trajectory [4] Product and Market Position - Skylight connects over 9.3 million users and focuses on simplifying household management through innovative products like the Skylight Calendar and Skylight Frame [6][7] - The company is addressing the mental load of household management, which consumes over 30 hours weekly, by developing solutions that help families stay connected [3] Strategic Partnerships - The partnership with Wingspire Capital is aimed at providing additional liquidity to support Skylight's strategic growth plans [5] - Both SG Credit Partners and Wingspire Capital have a track record of backing innovative consumer brands, reinforcing Skylight's position in the market [4][5]