#United States #Los Angeles #Skylight #SG Credit #Wingspire Capital

Skylight's New Financing Fuels Family-Centric Innovations

Skylight, a pioneering company dedicated to enhancing family life through technology, has recently secured a substantial loan of $50 million that will propel its mission forward. This financing comes from an expanded partnership with SG Credit Partners and a new collaboration with Wingspire Capital.

A Bold Move Toward Growth

This funding is particularly significant for Skylight, which has seen an impressive 99% year-over-year revenue growth. The additional capital will not only bolster the company's finances during unpredictable economic cycles but also support their development of innovative solutions designed for families.

Chia Chung, the Chief Operating Officer and Chief Financial Officer at Skylight, shared insights on the importance of this partnership, stating, "This expanded financing represents more than just increased capital – it's building the foundation for a generational brand...the SG/Wingspire partnership helps us extend our impact and reach millions more families while maintaining our commitment to sustainable growth."

Meeting the Demand for Family-Oriented Products

The financing will be utilized to fund inventory purchases and allow Skylight to respond effectively to rising consumer demand. Skylight’s innovation is centered around alleviating mental load—the burden of managing household responsibilities that often consumes over 30 hours a week for many families. By addressing such challenges, Skylight is cementing its position as a leader in the family technology space, with features like intuitive digital calendars and more underway.

The company is already serving over 9.3 million users, fostering family connections through continuous innovation and a customer-centric focus. Recently, they announced the restock of their highly demanded 27” Cal Max, a smart family calendar that was developed based on customer feedback. In addition to hardware advancements, Skylight is rolling out new features such as an AI-powered family assistant in 2025 to further enhance user experience.

Strategic Partnerships for Future Growth

Both SG Credit Partners and Wingspire Capital have solid track records supporting leading brands across various sectors. Prior to this announcement, SG Credit Partners granted Skylight a $20 million facility, now increased to the current $50 million as a testament to their confidence in Skylight's strategic direction.

Dan McCallum, Managing Director at SG Credit Partners, expressed excitement about strengthening their collaboration with Skylight, indicating, "SG is thrilled to partner with Wingspire to provide this expanded credit facility for Skylight. This collaboration further strengthens our dedication to supporting Skylight’s exceptional innovation."

Meanwhile, Will Bence from Wingspire Capital reaffirmed their commitment to Skylight's mission, remarking, “Wingspire Capital is proud to join the SG and Skylight partnership and provide additional liquidity as Skylight continues to execute its strategic growth plans.”

Skylight's Commitment to Family Life

Founded in 2014, Skylight aims to create the world’s simplest products to improve family dynamics. Notably, their offerings include the Skylight Calendar, which integrates events, chores, and meal plans into one accessible place, and the Skylight Frame, allowing users to effortlessly share photos with loved ones remotely.

With the latest financing, Skylight not only aims to enhance its existing product lines but also to foster a generation of family-oriented technology that addresses modern challenges. For more information about Skylight and its innovative solutions, visit Skylight Frame.

Conclusion

In an increasingly fast-paced world, the significance of reliable and user-friendly family management tools cannot be overstated. Skylight has positioned itself to lead in this sector, with support from notable financial partners enabling it to grow and innovate. As they continue to develop solutions tailored for families, their journey is one to follow closely.

Explore more about Skylight's mission and products by visiting their website.