Commits $25.2 Million and Funds $19.2 Million to Four Portfolio Companies in Q1 2016
Trinity Capital Investment (Trinity), a leading provider of venture loans and equipment leases to emerging growth companies, today announced results for the first quarter 2016. The Company committed $25.2 million of debt capital and funded four portfolio companies for a total of $19.2 million. Financial results are for the first quarter ended March 31, 2016.
“High-growth venture capital-backed companies look to Trinity as a preferred option for venture loans and equipment leases to support their growth and extend their runway,” said Steve Brown, managing partner of Trinity Capital Investment. “Companies find our efficient approval, funding and closing process to be an important asset when looking for strategic financial partnerships.”
Trinity provides debt capital to the portfolio companies of top-tier venture capital firms in the United States. Trinity currently makes investments of $2 to $12 million, with an average of $5.3 million, and has financed over 63 portfolio companies. In addition to venture loans and equipment leases, Trinity provides subordinated debt incremental to senior debt financing from top-tier technology bank lenders.
High-growth venture capital-backed companies turn to Trinity Capital Investment (“Trinity”) as a preferred option for venture loans and equipment leases to fuel their growth and extend their runway. Since 2008, Trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. The Trinity portfolio includes clients in the software, semiconductors and hardware, healthcare and pharmaceuticals, energy and efficiency, consumer and retail, networking and equipment, and clean technology industries. Having funded some of the world’s most innovative startup companies, Trinity is the partner of choice for venture-backed technology startups wanting an experienced partner to help strengthen their financial position while preserving equity. For more information, please visit www.trincapinvestment.com.