Skylight Fuels Family-First Innovation with $50 Million of Financing From SG Credit Partners and Wingspire Capital
Rhea-AI Summary
Skylight, a family-focused technology company, has secured a $50 million loan through an expanded partnership with SG Credit Partners and new partner Wingspire Capital. The company, which achieved 99% year-over-year revenue growth, will use the financing to support inventory purchases and product development.
The loan facility represents an expansion from a previous $20 million facility provided by SG Credit Partners. Skylight currently connects over 9.3 million users through its products, including the Skylight Calendar and Skylight Frame. The company recently restocked its popular 27" Cal Max smart family calendar and is developing new features including an AI-powered family assistant and rewards system for 2025.
According to Skylight's Mental Load Report, household management consumes over 30 hours weekly, which the company aims to minimize through its innovative solutions.
Positive
- Secured $50 million in financing, expanding from previous $20 million facility
- 99% year-over-year revenue growth
- Large user base of 9.3 million users
- Strong product demand evidenced by sold-out Cal Max product
- Bootstrapped company maintaining sustainable growth without diluting equity
Negative
- Increased debt burden through new loan facility
- Dependent on inventory financing for growth
- Requires significant capital for product development and scaling
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This loan facility will support Skylight's sustainable momentum while providing increased ability to weather economic cycles.
"This expanded financing represents more than just increased capital – it's building the foundation for a generational brand, which begins with resilient fundamentals and ample liquidity. The vote of confidence from SG Credit Partners and Wingspire Capital unlocks our expansion plans for the next few years," said Chia Chung, Chief Operating Officer and Chief Financial Officer at Skylight. "With our strong balance sheet and clear opportunities, the SG/Wingspire partnership helps us extend our impact and reach millions more families while maintaining our commitment to sustainable growth."
The increased facility will fund inventory purchases, enabling Skylight to scale with consumer demand while continuing to invent new products that address families' deepest challenges – from staying connected to reducing the mental burden of household management. Skylight's Mental Load Report found that the mental load consumes over 30 hours weekly, and the brand is working diligently to minimize this impact. As a leader in the digital calendar space, Skylight champions intuitive solutions that simplify household management.
SG Credit Partners, which previously provided a
"SG is thrilled to partner with Wingspire to provide this expanded credit facility for Skylight," said Dan McCallum, Managing Director at SG Credit Partners. "This collaboration further strengthens our dedication to supporting Skylight's exceptional innovation, and we are eager to continue to propel their success."
"Wingspire Capital is proud to join the SG and Skylight partnership and provide additional liquidity as Skylight continues to execute its strategic growth plans," said Will Bence, Managing Director at Wingspire Capital.
Skylight now connects over 9.3 million users, bringing families together through consistent innovation and a customer-centric approach. The brand recently restocked the sold-out 27" Cal Max, their popular smart family calendar developed in response to customer feedback. Beyond hardware innovations, Skylight has continued to invest in the user experience with new features including an AI-powered family assistant, a rewards system and others set to launch throughout 2025.
About Skylight
Founded in 2014, Skylight connects loved ones by creating the world's simplest products and services that improve family life. Their current offerings are the Skylight Calendar, a touch-screen calendar that syncs the whole family's events, activities, chores, meal plans and more, all in one place, and the Skylight Frame, a touch-screen digital frame which allows users to send and display photos within seconds. For more information, visit www.skylightframe.com.
About SG Consumer Products
SG Consumer Products, a division of SG Credit Partners ("SGCP"), is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in
About Wingspire Capital
Wingspire Capital offers one-stop solutions of up to
Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with
Contact
Skylight PR
skylight@smallgirlspr.com
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SOURCE Skylight