-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 INOCKhIRxerxtO6wJzvc0gaY/yn3Bo5e5bDfQcNlMDlWOomO0glims655qp5Kw+r
 HtM2h6AJdIewbVGHTCLQwQ==

<SEC-DOCUMENT>0001144204-10-057740.txt : 20101104
<SEC-HEADER>0001144204-10-057740.hdr.sgml : 20101104
<ACCEPTANCE-DATETIME>20101104202323
ACCESSION NUMBER:		0001144204-10-057740
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101103
FILED AS OF DATE:		20101104
DATE AS OF CHANGE:		20101104

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Horizon Technology Finance Corp
		CENTRAL INDEX KEY:			0001487428
		IRS NUMBER:				272114934
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		76 BATTERSON PARK ROAD
		CITY:			FARMINGTON
		STATE:			CT
		ZIP:			06032
		BUSINESS PHONE:		860-676-8654

	MAIL ADDRESS:	
		STREET 1:		76 BATTERSON PARK ROAD
		CITY:			FARMINGTON
		STATE:			CT
		ZIP:			06032

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Anholt Investments Ltd.
		CENTRAL INDEX KEY:			0001334202
		STATE OF INCORPORATION:			C5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00802
		FILM NUMBER:		101166478

	BUSINESS ADDRESS:	
		STREET 1:		BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON HM 08
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 400-7716

	MAIL ADDRESS:	
		STREET 1:		BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON HM 08
		STATE:			D0
		ZIP:			00000

	FORMER NAME:	
		FORMER CONFORMED NAME:	Compass Group Investments, Ltd.
		DATE OF NAME CHANGE:	20080403

	FORMER NAME:	
		FORMER CONFORMED NAME:	Compass Group Investments, Inc.
		DATE OF NAME CHANGE:	20050726

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NAVCO Management, Inc.
		CENTRAL INDEX KEY:			0001362549
		STATE OF INCORPORATION:			C5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00802
		FILM NUMBER:		101166476

	BUSINESS ADDRESS:	
		STREET 1:		TEEKAY HOUSE BAYSIDE EXECUTIVE PARK
		STREET 2:		P.O. BOX AP59213
		CITY:			NASSAU
		STATE:			C5
		ZIP:			00000
		BUSINESS PHONE:		242-502-8890

	MAIL ADDRESS:	
		STREET 1:		TEEKAY HOUSE BAYSIDE EXECUTIVE PARK
		STREET 2:		P.O. BOX AP59213
		CITY:			NASSAU
		STATE:			C5
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Path Spirit LTD
		CENTRAL INDEX KEY:			0001431113
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00802
		FILM NUMBER:		101166475

	BUSINESS ADDRESS:	
		STREET 1:		10 NORWICH STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC4A 1BD
		BUSINESS PHONE:		44-020 7831 9222

	MAIL ADDRESS:	
		STREET 1:		10 NORWICH STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC4A 1BD

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Compass Horizon Partners, LP
		CENTRAL INDEX KEY:			0001504157
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00802
		FILM NUMBER:		101166477

	BUSINESS ADDRESS:	
		STREET 1:		BELVEDERE BUILDING 4TH FLOOR
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON HM 08
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 400-7716

	MAIL ADDRESS:	
		STREET 1:		BELVEDERE BUILDING 4TH FLOOR
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON HM 08
		STATE:			D0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v201100_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-11-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001487428</issuerCik>
        <issuerName>Horizon Technology Finance Corp</issuerName>
        <issuerTradingSymbol>HRZN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001334202</rptOwnerCik>
            <rptOwnerName>Anholt Investments Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>69 PITTS BAY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>BELVEDERE BUILDING, 4TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM08</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001504157</rptOwnerCik>
            <rptOwnerName>Compass Horizon Partners, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>69 PITTS BAY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>BELEVDERE BUILDING, 4TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM08</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001362549</rptOwnerCik>
            <rptOwnerName>NAVCO Management, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>69 PITTS BAY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>BELVEDERE BUILDING, 4TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM08</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001431113</rptOwnerCik>
            <rptOwnerName>Path Spirit LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>69 PITTS BAY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>BELVEDERE BUILDING, 4TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM08</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-11-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1340000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>16.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1258249</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Pursuant to an underwriting agreement dated October 28, 2010. and entered into in connection with the  initial public
 offering of common stock, par value $0.001 per share (the &quot;Common Stock&quot;) of Horizon Technology Finance
 Corporation (the &quot;Company&quot;) by the Company and its selling stockholder pursuant to the final prospectus filed by the Company
 on October 29, 2010, which offering was consummated on November 3, 2010, Compass Horizon  Partners, LP, as selling
 stockholder, sold 1,340,000 shares of Common Stock.</footnote>
        <footnote id="F2">1. The shares of common stock are owned directly by Compass Horizon Partners, LP, which is owned by Concorde Horizon Holdings
 LP and Navco Management, Ltd. Concorde Horizon Holdings LP is owned by Anholt Investments Ltd. (formerly known as Compass
 Group Investments, Ltd.) and Navco Management, Ltd. Anholt Investments Ltd. and Navco Management, Ltd. are wholly owned by
 Kattegat Limited, a Bermudian exempt company with its principal offices at Belvedere Building, 69 Pitts Bay Road, Pembroke
 HM 08, Bermuda. Kattegat Limited was formed for the purpose of holding and managing the endowed assets of The Kattegat Trust
 and is wholly owned by The Kattegat Trust. The Kattegat Trust is a Bermudian charitable trust, engaged in the principal
 business of distributing income for charitable purposes, with its principal offices at 2 Reid Street, Hamilton HM 11,
 Bermuda. [cont FN3]</footnote>
        <footnote id="F3">[cont from FN2] The trustee of The Kattegat Trust is Kattegat Private Trustees (Bermuda) Limited (the &quot;Trustee&quot;), a Bermudian
 trust company with its principal offices at 2 Reid Street, Hamilton HM 11, Bermuda. Path Spirit Limited is the trust
 protector for The Kattegat Trust. The Trustee is wholly owned by The Lund Purpose Trust, a Bermudian purpose trust with its
 principal offices at Thistle House, 4 Burnaby Street, Hamilton HM 11, Bermuda, formed for the sole purpose of holding the
 shares of the Trustee. Anholt Investments Ltd., Navco Management, Ltd., Path Spirit Limited, Concorde Horizon Holdings LP
 and Compass Horizon Partners, LP disclaim beneficial ownership of the shares of common stock, except to the extent of their
 pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Cora Lee Starzomski, Director of Navco Management Ltd., the General Partner  of Compass Horizon Partners, LP</signatureName>
        <signatureDate>2010-11-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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