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Trinity Capital

North America, Arizona, United States, Phoenix

Description

Trinity Capital Inc. (NASDAQ: TRIN) is a prominent publicly traded business development company (BDC) specializing in providing venture debt and equipment financing to growth-stage companies. The firm primarily partners with innovative businesses that are backed by institutional venture capital investors, offering a crucial source of non-dilutive capital. This financing model allows companies to fund their operational needs, extend their cash runway, or acquire essential equipment without further diluting their equity, making it an attractive alternative or complement to traditional equity rounds.

Trinity Capital's investment strategy is designed to be flexible, with typical deal sizes ranging from $5 million to $100 million per transaction. They focus on a diverse array of high-growth sectors, including technology, life sciences, and other emerging industries. The firm evaluates potential investments based on factors such as strong management teams, validated business models, and significant market opportunities, often collaborating with leading venture capital firms to support promising ventures.

Since its inception in 2008, Trinity Capital has grown to become a significant force in the venture debt landscape. The firm has committed over $2.7 billion in capital to more than 200 growth-stage companies, underscoring its substantial contribution to the innovation economy. As a BDC, Trinity Capital not only provides vital capital to entrepreneurs but also offers public market investors an opportunity to gain exposure to a diversified portfolio of private growth companies, reinforcing its role in fostering technological advancement and business expansion across the United States.

Investor Profile

Trinity Capital has backed more than 145 startups, with 25 new investments in the last 12 months alone. The firm has led 55 rounds, about 38% of its total and boasts 44 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series Unknown, Post Ipo Debt rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Spain.
  • Strong thematic focus on Software, Health Care, Medical.
  • Led 19 rounds in the past year.
  • Typical check size: $5M – $100M.

Stage Focus

  • Debt Financing (67%)
  • Series Unknown (18%)
  • Post Ipo Debt (6%)
  • Series D (2%)
  • Series A (2%)
  • Series B (1%)
  • Series C (1%)
  • Private Equity (1%)
  • Convertible Note (1%)
  • Post Ipo Equity (1%)

Country Focus

  • United States (94%)
  • Canada (2%)
  • Spain (1%)
  • United Kingdom (1%)
  • France (1%)
  • Colombia (1%)

Industry Focus

  • Software
  • Health Care
  • Medical
  • Manufacturing
  • Energy
  • Saas
  • Fintech
  • Information Technology
  • Biotechnology
  • Telecommunications
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Trinity Capital frequently co-invest with?

Cyrus Capital Partners
North America, New York, United States, New York
Co-Investments: 2
Silicon Valley Bank
North America, California, United States, Santa Clara
Co-Investments: 8
Flint Hills Resources
North America, Kansas, United States, Wichita
Co-Investments: 2
Angeleno Group
North America, California, United States, Los Angeles
Co-Investments: 2
I2BF Global Ventures
North America, New York, United States, New York
Co-Investments: 2
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 2
JP Morgan
North America, New York, United States, New York
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 3
Notable Capital
North America, California, United States, Menlo Park
Co-Investments: 2
PNC Bank
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 2

Which angels does Trinity Capital often collaborate with?

BG
North America, Washington, United States, Seattle
Shared Deals: 1
HK
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Trinity Capital?

EarthDaily Analytics

Vancouver, British Columbia, Canada

EarthDaily Analytics is an integrated data processing and analytics company that provides end-to-end Earth observation solutions.

AnalyticsArtificial Intelligence (AI)GeospatialInformation Technology
Debt FinancingJul 31, 2025
Amount Raised: $60,000,000
b.well Connected Health

Baltimore, Maryland, United States

B.well Connected Health is a digital health platform that provides individuals with a comprehensive view of their health data.

BiotechnologyElectronic Health Record (EHR)Health CareHealth InsurancePharmaceutical
Debt FinancingJul 30, 2025
Amount Raised: $20,000,000
Alt

San Francisco, California, United States

Alt is an online marketplace that enables users to buy, sell, and vault authenticated trading cards.

FinanceFinancial ServicesFinTechLendingMarketplace
Debt FinancingJul 18, 2025
Amount Raised: $40,000,000
INSHUR

New York, New York, United States

INSHUR is a digital insurance platform providing commercial auto insurance tailored for taxi, TLC, ride-share, and private hire drivers.

Auto InsuranceCommercial InsuranceInsuranceInsurTech
Series UnknownJul 9, 2025
Amount Raised: $35,000,000
AST SpaceMobile

Midland, Texas, United States

AST SpaceMobile is a space-based broadband cellular network company for unmodified mobile devices.

Information TechnologySatellite CommunicationTelecommunications
Post Ipo DebtJul 3, 2025
Amount Raised: $100,000,000
K2View

Dallas, Texas, United States

K2view Data Platform: AI-ready, protected, complete data instantly. Reuse at scale for RAG, synthetic data, testing & cloud migration.

Big DataData IntegrationData ManagementEnterprise SoftwareSoftware
Series UnknownJun 23, 2025
Amount Raised: $15,000,000
Swimlane

Louisville, Colorado, United States

Swimlane is a developer of a security orchestration and response platform used to deliver security automation to organizations.

ComputerCyber SecurityNetwork SecuritySecuritySoftware
Private EquityJun 10, 2025
Amount Raised: $45,000,000
Paytient

Columbia, Missouri, United States

Paytient helps people make better healthcare decisions by improving their ability to pay for care.

Employee BenefitsFinTechHealth CareHealth InsurancePayments
Series CJun 3, 2025
Amount Raised: $40,000,000
Lendflow

Austin, Texas, United States

Lendflow is a software company that develops embedded credit infrastructure for lenders and software companies.

FinTechLendingSoftware
Series UnknownMay 19, 2025
Amount Raised: $15,000,000
CMR Surgical

Cambridge, Cambridgeshire, United Kingdom

CMR Surgical develops and manufactures robotic surgical systems to enhance precision and efficiency in minimally invasive surgery.

Health CareMedicalMedical DeviceRobotics
Series UnknownApr 2, 2025
Amount Raised: $200,000,000