Skylight – a leading digital photo frame and smart calendar brand – recently announced that the company has raised $15 million in debt through its partnership with SG Credit Partners. And 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.
Since being founded, 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.
And 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.
KEY QUOTES:
“This funding is a major milestone for Skylight and a testament to how far we’ve come. 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.”
— Chia Chung, Chief Operating Officer and Chief Financial Officer at Skylight
“We’re entering an exciting new phase of growth, and are thrilled to partner with SG Credit Partners. 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.”
— Michael Segal, founder & CEO of Skylight
