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Chandler firm raises $250M to fund high-growth companies

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Posted at 10:30 AM, Feb 26, 2020
and last updated 2020-02-26 12:30:40-05

Trinity Capital Inc. has closed on $250 million in new capital aimed at providing funding for growth-stage companies.

The Chandler-based specialty lending company also increased its capital resources with a $300 million credit facility.

Both pools of funding will be used to provide loans and equipment financing for businesses backed by technology-focused banks, venture capital and private equity firms.

Since 2008, Trinity Capital's funds have provided $846 million in investments to growth-stage companies across several industries, primarily in the U.S., according to the company.

Read more from the Phoenix Business Journal.