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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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August 16, 2023
Source: PR Newswire
PHOENIX, Aug. 15, 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 commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.
MacroFab oversees an impressive network of more than 100 factories throughout North America. This infusion of capital follows their recent equity raise earlier this year of $42 million, led by Foundry and joined by BMW i Ventures, Edison Partners and ATX Venture Partners, bringing the total capital raised by the company to $102 million.
"We recognize the immense potential of MacroFab's innovative platform to completely transform the electronics manufacturing landscape," said Ryan Thompson, Managing Director, Tech Lending at Trinity. "We look forward to partnering with their industry-leading team to drive this next generation of technology forward."
The company's technology platform advances electronics manufacturing by streamlining operations, improving efficiency and offering unparalleled visibility into production. This investment will enable the company to further advance its platform, expand operations and accelerate revenue growth.
"This new financial partnership with Trinity signifies a bright and promising future for MacroFab," said Phil Patman, Jr., Chief Financial Officer of MacroFab. "With support from Trinity Capital, we will continue to strengthen our position in the market and enhance our capacity to deliver cutting-edge solutions to electronics manufacturers of all sizes. Together, we are well-equipped to drive transformative change within the electronics manufacturing industry."
About Trinity Capital Inc.
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's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. 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 Company's website at www.trinitycap.com.
About MacroFab
MacroFab operates the largest technology platform for electronics manufacturing, offering prototypes, high-volume production, and extended services through a network of over 100 factories across North America. Serving as a trailblazer in EMS manufacturing and digital supply chain solutions, MacroFab's robust platform and marketplace foster efficient and expedient electronics production, bringing manufacturing closer to the end user. By leveraging AI-enabled sourcing opportunities, expert internal teams, and a user-friendly platform, MacroFab delivers unmatched efficiency and accessibility to the hardware tech community.
MacroFab oversees an impressive network of more than 100 factories throughout North America. This infusion of capital follows their recent equity raise earlier this year of $42 million, led by Foundry and joined by BMW i Ventures, Edison Partners and ATX Venture Partners, bringing the total capital raised by the company to $102 million.
"We recognize the immense potential of MacroFab's innovative platform to completely transform the electronics manufacturing landscape," said Ryan Thompson, Managing Director, Tech Lending at Trinity. "We look forward to partnering with their industry-leading team to drive this next generation of technology forward."
The company's technology platform advances electronics manufacturing by streamlining operations, improving efficiency and offering unparalleled visibility into production. This investment will enable the company to further advance its platform, expand operations and accelerate revenue growth.
"This new financial partnership with Trinity signifies a bright and promising future for MacroFab," said Phil Patman, Jr., Chief Financial Officer of MacroFab. "With support from Trinity Capital, we will continue to strengthen our position in the market and enhance our capacity to deliver cutting-edge solutions to electronics manufacturers of all sizes. Together, we are well-equipped to drive transformative change within the electronics manufacturing industry."
About Trinity Capital Inc.
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's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. 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 Company's website at www.trinitycap.com.
About MacroFab
MacroFab operates the largest technology platform for electronics manufacturing, offering prototypes, high-volume production, and extended services through a network of over 100 factories across North America. Serving as a trailblazer in EMS manufacturing and digital supply chain solutions, MacroFab's robust platform and marketplace foster efficient and expedient electronics production, bringing manufacturing closer to the end user. By leveraging AI-enabled sourcing opportunities, expert internal teams, and a user-friendly platform, MacroFab delivers unmatched efficiency and accessibility to the hardware tech community.
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