Trinity Capital Inc. Provides $40 Million in Growth Capital to Gravie
Summary
PHOENIX, June 25, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced a commitment of $40 million debt facility to Gravie, one of the nations fastest growing health benefits innovators.Gravie offers self-funded health plans, called Comfort\xae, for small and mid-size employers. "Gravies innovative approach to health benefits can help small and mid-sized businesses provide quality, affordable coverage to their employees," said Ryan Thompson, Managing Director, Tech Lending at Trinity Capital. ""We are excited to partner with the Trinity team as we grow our business and seek to make health benefits plans work for everyone," said Charles Marentette, Chief Financial Officer of Gravie.Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Companys website at www.trinitycap.com.Gravie has been and continues to be at the forefront of driving change and improving the healthcare industry by creating innovative employer-sponsored health benefit solutions that put consumers first.