Skylight Fuels Family-First Innovation with $50 Million of Financing From SG Credit Partners and Wingspire Capital
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.
Skylight, un'azienda tecnologica orientata alla famiglia, ha ottenuto un prestito di 50 milioni di dollari grazie a una partnership ampliata con SG Credit Partners e il nuovo partner Wingspire Capital. L'azienda, che ha raggiunto una crescita dei ricavi del 99% anno su anno, utilizzerà il finanziamento per supportare gli acquisti di inventario e lo sviluppo di prodotti.
La linea di credito rappresenta un'espansione rispetto a una precedente linea di credito di 20 milioni di dollari fornita da SG Credit Partners. Skylight attualmente connette oltre 9,3 milioni di utenti attraverso i suoi prodotti, tra cui il Calendario Skylight e il Telaio Skylight. L'azienda ha recentemente riassortito il suo popolare calendario familiare smart Cal Max da 27" ed è in fase di sviluppo di nuove funzionalità, tra cui un assistente familiare alimentato da AI e un sistema di ricompense per il 2025.
Secondo il Rapporto sul Carico Mentale di Skylight, la gestione domestica consuma oltre 30 ore settimanali, un aspetto che l'azienda mira a ridurre attraverso le sue soluzioni innovative.
Skylight, una empresa de tecnología centrada en la familia, ha asegurado un préstamo de 50 millones de dólares a través de una asociación ampliada con SG Credit Partners y el nuevo socio Wingspire Capital. La empresa, que logró un crecimiento de ingresos del 99% interanual, utilizará la financiación para apoyar las compras de inventario y el desarrollo de productos.
La línea de crédito representa una expansión de una anterior línea de crédito de 20 millones de dólares proporcionada por SG Credit Partners. Skylight actualmente conecta a más de 9,3 millones de usuarios a través de sus productos, incluidos el Calendario Skylight y el Marco Skylight. La empresa recientemente volvió a surtir su popular calendario familiar inteligente Cal Max de 27" y está desarrollando nuevas características, incluido un asistente familiar impulsado por IA y un sistema de recompensas para 2025.
Según el Informe de Carga Mental de Skylight, la gestión del hogar consume más de 30 horas semanales, lo que la empresa busca minimizar a través de sus soluciones innovadoras.
Skylight는 가족 중심의 기술 회사로, SG Credit Partners와 새로운 파트너인 Wingspire Capital과의 파트너십 확대를 통해 5천만 달러 대출을 확보했습니다. 연간 99%의 수익 성장률을 기록한 이 회사는 재고 구매와 제품 개발을 지원하기 위해 자금을 사용할 예정입니다.
이 대출 시설은 SG Credit Partners가 제공한 이전의 2천만 달러 시설에서 확장된 것입니다. Skylight는 현재 Skylight Calendar와 Skylight Frame을 포함한 제품을 통해 930만 명 이상의 사용자와 연결되고 있습니다. 이 회사는 최근 인기 있는 27인치 Cal Max 스마트 가족 캘린더를 재입고했으며, 2025년을 위한 AI 기반 가족 도우미 및 보상 시스템과 같은 새로운 기능을 개발하고 있습니다.
Skylight의 정신적 부담 보고서에 따르면, 가정 관리에는 주당 30시간 이상이 소요되며, 회사는 혁신적인 솔루션을 통해 이를 최소화하는 것을 목표로 하고 있습니다.
Skylight, une entreprise technologique axée sur la famille, a sécurisé un prêt de 50 millions de dollars grâce à un partenariat élargi avec SG Credit Partners et un nouveau partenaire, Wingspire Capital. L'entreprise, qui a réalisé une croissance des revenus de 99 % d'une année sur l'autre, utilisera ce financement pour soutenir les achats de stocks et le développement de produits.
Cette facilité de prêt représente une expansion par rapport à une précédente facilité de 20 millions de dollars fournie par SG Credit Partners. Skylight connecte actuellement plus de 9,3 millions d'utilisateurs à travers ses produits, y compris le Calendrier Skylight et le Cadre Skylight. L'entreprise a récemment réapprovisionné son calendrier familial intelligent Cal Max de 27" et développe de nouvelles fonctionnalités, y compris un assistant familial alimenté par l'IA et un système de récompenses pour 2025.
Selon le Rapport sur la Charge Mentale de Skylight, la gestion du foyer consomme plus de 30 heures par semaine, ce que l'entreprise vise à minimiser grâce à ses solutions innovantes.
Skylight, ein technologieorientiertes Unternehmen mit Fokus auf Familien, hat über eine erweiterte Partnerschaft mit SG Credit Partners und dem neuen Partner Wingspire Capital einen Darlehen in Höhe von 50 Millionen Dollar gesichert. Das Unternehmen, das ein Umsatzwachstum von 99% im Jahresvergleich erzielt hat, wird die Finanzierung zur Unterstützung von Lagerkäufen und Produktentwicklungen nutzen.
Die Darlehensfazilität stellt eine Erweiterung einer vorherigen Darlehensfazilität von 20 Millionen Dollar dar, die von SG Credit Partners bereitgestellt wurde. Skylight verbindet derzeit über 9,3 Millionen Nutzer durch seine Produkte, darunter den Skylight Kalender und den Skylight Rahmen. Das Unternehmen hat kürzlich seinen beliebten 27-Zoll Cal Max Smart Familienkalender wieder auf Lager genommen und entwickelt neue Funktionen, darunter einen KI-gestützten Familienassistenten und ein Belohnungssystem für 2025.
Laut dem Mental Load Bericht von Skylight verbraucht die Haushaltsführung über 30 Stunden pro Woche, was das Unternehmen durch seine innovativen Lösungen minimieren möchte.
- 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
- Increased debt burden through new loan facility
- Dependent on inventory financing for growth
- Requires significant capital for product development and scaling
Insights
This financing arrangement represents a normal course of business for Wingspire Capital, a portfolio company of Blue Owl Capital (OBDC). The $50 million facility provided to Skylight demonstrates Wingspire's continued execution of its middle-market lending strategy, which aligns with OBDC's broader business model.
While positive for Wingspire's loan portfolio growth, the $50 million transaction is relatively small compared to OBDC's $7.56 billion market capitalization, representing only about 0.66% of its market value. This single transaction is unlikely to materially impact OBDC's financial performance or dividend capacity in isolation.
The expansion from Skylight's previous $20 million facility to the current $50 million indicates growing confidence in Skylight's business fundamentals, suggesting sound underwriting standards at Wingspire. This reflects positively on OBDC's portfolio management approach, though incrementally.
For OBDC shareholders, such transactions represent the core business model of their investment – providing capital to middle-market companies through their portfolio companies. Wingspire's stated capacity to offer solutions up to $200 million positions it well within OBDC's broader strategy of generating income through lending activities.
Without more specific information about how this transaction affects OBDC's earnings or overall portfolio performance, this appears to be a routine business development with minimal direct impact on OBDC shareholders.
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
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