Skylight Fuels Family-First Innovation with $50 Million of Financing From SG Credit Partners and Wingspire Capital
This loan facility will support Skylight's sustainable momentum while providing increased ability to weather economic cycles.
LOS ANGELES, April 3, 2025 /PRNewswire/ -- Skylight, the company building the operating system for families, has secured a $50 million loan through an expanded partnership with SG Credit Partners and new partner Wingspire Capital. As a bootstrapped company that has achieved 99% year-over-year revenue growth, the financing will further support Skylight's mission to meet the surging demand for its innovative technology for families.
"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 $20 million facility to Skylight, has increased its commitment to $50 million and brought in Wingspire Capital as a strategic financing partner to support the company's trajectory. Both lenders have a track record of backing innovative consumer brands and market leaders across several industries.
"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 Southern California with offices throughout the country, the firm has provided in excess of $1.3 billion to lower middle market entrepreneurs across a variety of industries. For more information, please visit www.sgcreditpartners.com.
About Wingspire Capital
Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, healthcare, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services.
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 $250 billion of assets under management as of December 31, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.
Contact
Skylight PR
[email protected]
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SOURCE Skylight
