SAN FRANCISCO--(BUSINESS WIRE)--Skylight, the leading digital photo frame and smart calendar brand, today announced that the company has raised $15 million in debt through its partnership with SG Credit Partners. As the company continues to grow profitably, the new capital will be used to support inventory purchases and ensure sufficient product stock to meet increasing demand.
“This funding is a major milestone for Skylight and a testament to how far we’ve come,” said Chia Chung, Chief Operating Officer and Chief Financial Officer at Skylight. “We’re proud to partner with SG Credit Partners’ Consumer Products team on this journey, especially as we approach the Q4 holiday season when demand tends to surge.”
Since its inception, Skylight has seen significant success, now at over 5 million total users and quickly approaching 1.5 million units sold and 300,000 subscribers. 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.
“We’re entering an exciting new phase of growth, and are thrilled to partner with SG Credit Partners,” said Michael Segal, founder & CEO of Skylight. “We’ve bootstrapped profitably for nearly a decade, and this new financing will help us continue to be aggressive in scaling our business and delivering on our mission of connecting millions of loved ones through technology.”
Skylight’s flagship product, the Skylight Frame, is the top selling digital picture frame on Amazon and lets users share photos with loved ones almost instantly from anywhere in the world. The brand's second product, the Skylight Calendar, is a first-of-its-kind smarthome calendar that helps families stay organized in every area of their lives, syncing work, play, chores, grocery lists, and more, all in one place.
“Skylight has built a resilient, direct-to-consumer electronics brand, which makes the company an ideal fit with our investment philosophy of supporting exceptional consumer brands,” said Dan McCallum, Director at SG Credit Partners. “SG Consumer Products is proud to be a part of the Skylight story as they continue to expand and deliver meaningful products that bring loved ones closer together.”
To learn more about Skylight, visit www.skylightframe.com.
About Skylight
Skylight connects loved ones by creating the world's simplest products and services that improve family life. The Skylight Frame is 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. 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 Structured Credit. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $900 million to lower middle market entrepreneurs across a variety of industries. For more information, please visit https://www.sgcreditpartners.com/.
