Trinity Capital logo

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
circle-line
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?

Kard

New York, New York, United States

Kard is a rewards-as-a-service API that enhances customer loyalty programs.

Advertising PlatformsFinancial ServicesFinTechLoyalty Programs
Series UnknownOct 21, 2025
Amount Raised: $15,000,000
Candel Therapeutics

Needham, Massachusetts, United States

Candel Therapeutics develops cancer immunotherapies designed to improve the lives of cancer patients and their families.

BiotechnologyGeneticsHealth CareHealth DiagnosticsMedicalTherapeutics
Post Ipo DebtOct 14, 2025
Amount Raised: $130,000,000
Nalu Medical

Carlsbad, California, United States

Nalu Medical is a medical technology company that offers neurostimulation system designed to treat chronic nerve pain.

Health CareManufacturingMedicalMedical Device
Series UnknownSep 16, 2025
Amount Raised: $50,000,000
Gold Candle

Toronto, Ontario, Canada

Gold Candle is a privately held Canadian mining firm run by a diversified and experienced team of specialists.

MiningNatural Resources
Series UnknownSep 15, 2025
Amount Raised: $87,300,000
Unmind

London, England, United Kingdom

Unmind is a B2B mental health platform providing clinically-backed tools and training.

AppsArtificial Intelligence (AI)B2BEnterprise SoftwareHealth CareMental HealthmHealthPsychologyTraining
Debt FinancingSep 11, 2025
Amount Raised: $26,000,000
Angel Studios

Provo, Utah, United States

Angel Studios is a video streaming service and media company that finances its productions through equity crowdfunding.

Digital EntertainmentFilm ProductionFinancial ServicesMedia and EntertainmentTV ProductionVideo Streaming
Post Ipo DebtSep 10, 2025
Amount Raised: $100,000,000
TQA

Austin, Texas, United States

TQA is an intelligent automation consultancy that provides end-to-end service delivery services.

AdviceArtificial Intelligence (AI)Business Process Automation (BPA)Information TechnologySoftware
Debt FinancingSep 9, 2025
Amount Raised: $15,000,000
Mesa

Austin, Texas, United States

Our mission is to make homeownership more affordable and rewarding

ConsultingFinancial ServicesHome ServicesLendingMortgageService Industry
Debt FinancingAug 13, 2025
Mesa

Austin, Texas, United States

Our mission is to make homeownership more affordable and rewarding

ConsultingFinancial ServicesHome ServicesLendingMortgageService Industry
SeedAug 13, 2025
Amount Raised: $24,000,000
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