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Consumer ProductsAugust 1, 2023

SG Credit Partners Announces a $15 Million Senior Debt Investment in Skylight

SG Credit Partners Skylight

CHICAGO (August 1, 2023) Skylight, the leading digital photo frame and smart calendar brand, 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.”