#United States #Los Angeles #Skylight #Skylight Calendar #Skylight Buddy

Skylight's New Credit Facility for Family-Centric Products

Skylight, a brand trusted by countless families to simplify their lives, recently revealed a significant expansion of its credit facility to $75 million. This $25 million increase, facilitated by longstanding partners SG Credit Partners and Wingspire Capital, is targeted at developing innovative products tailored for children, parents, and busy households. This move is not just about financial growth; it reflects Skylight's commitment to addressing the evolving needs of families.

With a staggering growth of 100% over the past year, Skylight now serves more than 12 million customers, among which 1.7 million households utilize the Skylight Calendar. This tool is essential for keeping family members coordinated, managing activities, chores, schedules, and meal plans—all in one convenient application. Skylight's success exemplifies how a focused approach can lead to both customer satisfaction and business expansion.

Chia Chung, Skylight's Chief Operating Officer and Chief Financial Officer, emphasized that families are at the heart of the company’s vision. He stated, "As we expand our offerings, our goal remains to alleviate as much of the daily mental load as possible for families." This new credit facility aims to fortify their efforts, allowing them to build on successful products and introduce specialized tools for every stage of family life.

The Evolution of Skylight's Product Offerings

Skylight's journey began with the introduction of its Frame, which allows families to share treasured memories via photos, and the Skylight Calendar that has become an indispensable organization tool. The recent expansion in financial backing will pave the way for the creation of several new products that align with Skylight’s core mission.

Among the highlighted future developments are:

• - Skylight Buddy: This personal routine coach for kids made waves upon its launch, selling out within just a week. It guides children through their daily tasks, empowering them to manage their responsibilities effectively.

• - Skylight Assistant: A deeper investment into this AI-powered family assistant allows users to interact through text messages. It aims to streamline communication among household members and assist them in organizing their day-to-day activities efficiently.

The decision to improve Skylight's service offerings stems from the valuable feedback received from families who have relied on their products for years. "We’ve seen firsthand how families embrace Skylight, and we are thrilled to support a team dedicated to enhancing family life with thoughtful products," commented Dan McCallum, Managing Director at SG Credit Partners. Likewise, Will Bence, Senior Managing Director at Wingspire Capital, noted that it's quite rare to witness a company achieving such rapid growth and profitability.

About Skylight

Founded in 2014, Skylight is dedicated to creating the most user-friendly products and services that enrich family interactions. Their flagship offerings include:

• - The Skylight Calendar, a touchscreen calendar that seamlessly integrates and syncs all family events and activities.
• - Skylight Buddy, a digital tool designed to assist children in managing their daily routines.
• - The Skylight Frame, a digital photo frame that enables users to share images with friends and family instantly.

To learn more about Skylight and its innovative family solutions, please visit www.myskylight.com.

About SG Consumer Products and Wingspire Capital

SG Consumer Products serves as the consumer-focused division of SG Credit Partners, a private credit manager that provides customized financial solutions to lower middle-market businesses. Since their inception, they have allocated over $1.3 billion to various sectors.

Wingspire Capital specializes in providing financing solutions for middle-market companies with options that include term loans and revolving lines of credit, across multiple industries such as e-commerce, healthcare, and consumer products.

As Skylight continues to grow and evolve, the brand remains committed to its mission of easing the mental burden on families, ensuring their offerings meet the dynamic challenges of modern life.