Skylight, a San Francisco, CA-based digital photo frame and smart calendar brand, raised $15m in debt through its partnership with SG Credit Partners.
The new capital will be used to support inventory purchases and ensure sufficient product stock to meet increasing demand.
Led by Michael Segal, founder & CEO, Skylight provides Skylight Frame, a touch-screen digital photo frame that users can send photos to within seconds. The brand’s newest offering, the Skylight Calendar, helps families stay organized in every area of their lives with a touch-screen calendar that syncs work, play, chores, grocery lists and more, all in one place. Since launching in 2014, Skylight has grown to over 5 million users, and has become the #1 best-selling brand of digital photo frames on Amazon.
As part of its focus on continuing to grow a leading business, the company has also brought on two new leaders: Maggie Curran as Head of Sales and Michelle Persad as Senior Director of Marketing. Curran and Persad previously helped scale notable consumer brands like Belkin and Outdoor Voices, and will focus on growing Skylight’s sales channels and overall brand awareness.
Skylight Secures $15M in Debt Financing. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.Shishir Gupta, The Founder & CEO of StartupLanes
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