PHOENIX, Dec. 20,
2023 /PRNewswire/ -- Trinity Capital Inc.
(Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of
diversified financial solutions to growth-stage companies, today
announced the expansion of its Phoenix headquarters, reaffirming Trinity's
longstanding commitment to the region as it continues to scale its
business.
Trinity has doubled the total space leased at its corporate
headquarters at 1 North 1st Street to 30,000 square feet by
expanding to the fourth floor from its existing third-floor
offices.
"This expansion will support Trinity's growing team, and we're
thrilled to reaffirm our commitment to the greater Phoenix region," said Kyle Brown, President and Chief Investment
Officer at Trinity Capital. "The expanded space allows us to
continue to benefit from the region's diverse talent pool and
solidify our status as a destination for top financial talent."
Since Trinity became a public company nearly four years ago, it
has grown its team by 150%, more than doubled its total assets from
$500 million to over $1.3 billion and has continued to deliver stable
and growing dividends to its shareholders. With strong originations
during the first nine months of 2023, the Company continues to
prudently invest in its team, grow its investment portfolio and
maintain a strong pipeline of investment opportunities.
"Trinity's expansion in our downtown proves that Phoenix's innovative and entrepreneurial
atmosphere is growing and thriving," said Phoenix Mayor Kate
Gallego. "I'm excited that Trinity is actively involved with
other local companies, as well, and look forward to their continued
impact in the bustling tech ecosystem that we're fostering in the
Valley."
Since moving its headquarters to downtown Phoenix in 2021, Trinity has expanded from 39
to 68 employees, and the additional office space will allow for
further growth. As of September 30,
2023, Trinity has provided over $2.7
billion in funding across 309 investments, including almost
$100 million to companies that employ
approximately 1500 people in Arizona. Some Trinity borrowers that operate
in Arizona include Footprint, a
manufacturer of biodegradable food packaging; Qwick, a hiring
platform for service-industry workers and Lucid Motors, which has a
substantial electric vehicle manufacturing presence on a 500-acre
facility in Casa Grande.
"Trinity Capital is a leading example of how prioritizing
investments in innovative technologies boosts the venture
ecosystem," said Chris Camacho,
Greater Phoenix Economic Council President and CEO. "By supporting
high-growth, venture-backed companies across advanced industry
verticals, including life sciences, Trinity is accelerating the
Greater Phoenix market."
About Trinity Capital Inc.
Trinity (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's investment
objective is to generate current income and, to a lesser extent,
capital appreciation through investments, including term loans,
equipment financings and equity-related investments. Trinity
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
Company's website at www.trinitycap.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-announces-phoenix-headquarters-expansion-highlighting-companys-continued-growth-and-success-302019587.html
SOURCE Trinity Capital Inc.