About Trinity Capital
Trinity Capital, established in 2008, is a private debt fund primarily based in Phoenix, United States. It specializes in financing Venture Debt round of companies based in United States. Its portfolio includes 175 firms, spanning the Enterprise Applications, High Tech sectors.
As of Oct 2026, Trinity Capital has 16 unicorns under its belt and has witnessed 70 portfolio exits so far. Its most notable investments include companies like Whoop, Vox Media and Tomorrow.io.
Its latest investment was a $20M Series C round in Steno on Dec 05, 2024.
Key Metrics
Founded Year
2008
Location
Phoenix, United States
Sectors of Investment
Stages of Investment
Venture Debt, Conventional Debt & 7 more
Locations of Investment
Unicorn in Portfolio
Trinity Capital's List of Top Investments
Trinity Capital has a portfolio of 175 companies, including 16 unicorns. Their most notable investments are in Kafene and viaPhoton.Their portfolio spans across United States, Canada, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, Retail and 34 other sectors, across stages such as Venture Debt, Conventional Debt and 7 more. Here is the list of top investments by Trinity Capital:1. Whoop
Provider of wearable trackers to monitor fitness data. The devices track sleep patterns, strain levels, recovery metrics, and stress indicators. The data collected helps users make informed decisions regarding their fitness, health, and lifestyle choices. The fitness trackers offer insights into sleep optimization, activity tracking, and personalized guidance based on individual cycles.
Key facts about Whoop
- Founded Year: 2012
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $979M
- Employee Count: 1,664 as on Sep 30, 2026
- Investors: Glade Brook Capital, Trinity Capital and 68 Others
- Latest Funding Round: Series G, Mar 31, 2026, $*****
- Highlight: Editors' Pick
2. Vox Media
Provider of digital media, podcast networks, and advertising solutions. It offers editorial brands across coverage areas, including news, culture, technology, and sports. The company creates podcasts featuring thought leaders and cultural icons. It also provides advertising solutions, events, content creation, and social media leveraging.
Key facts about Vox Media
- Founded Year: 2005
- Location: Washington, DC (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $425M
- Employee Count: 11,374 as on Sep 30, 2026
- Investors: Glynn Capital, Allen & Company and 14 Others
- Latest Funding Round: Series F, Feb 06, 2023, $*****
- Highlight: Acquired
3. Tomorrow.io
AI-powered weather intelligence platform using satellites for real-time forecasting. It combines satellite data, machine learning, and real-time atmospheric modeling to deliver hyperlocal forecasts and predictive insights. It helps industries like aviation, energy, logistics, and insurance anticipate weather risks and automate operational decisions.
Key facts about Tomorrow.io
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $425M
- Employee Count: 229 as on Sep 30, 2026
- Investors: HarbourVest Partners, Trinity Capital and 32 Others
- Latest Funding Round: Series F, May 18, 2026, $*****
- Highlight: Editors' Pick
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4. GrubMarket
Food technology company digitizing the food supply chain through B2B eCommerce. It operates a multi-layer platform that connects wholesale food distribution, B2B eCommerce, direct-to-consumer food delivery, and enterprise SaaS tools for supply chain management. It provides a B2B marketplace that connects growers, wholesalers, distributors, grocers, restaurants, and institutional buyers, enabling access to a wide network of fresh food products at scale.
Key facts about GrubMarket
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $908M
- Employee Count: 127 as on Sep 30, 2026
- Investors: Millennium Technology Value Partners, AME Cloud Ventures and 102 Others
- Latest Funding Round: Series H, Feb 02, 2026, $*****
- Highlight: Editors' Pick
5. DailyPay
Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. It integrates directly with employers’ existing payroll, HR, and workforce management systems, allowing workers to view and transfer portions of their accrued earnings in real time. It is positioned as a retention and engagement tool that helps attract and retain talent by offering greater financial flexibility without requiring major changes to payroll operations. It emphasizes seamless integration, enterprise-grade security, and minimal administrative overhead for businesses.
Key facts about DailyPay
- Founded Year: 2015
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $264M
- Employee Count: 1,037 as on Sep 30, 2026
- Investors: Section Partners, Access Industries and 47 Others
- Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
- Highlight: Editors' Pick
Trinity Capital's Year-on-Year Investment Trends
Trinity Capital has invested in 176 companies over the last 14 years, with an average of 5 new investments annually in the last 10 years. Its most recent first time investment was in Smile2impress and most recent follow-on round was in Steno.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 12 | 4 | 16 |
2023 | 9 | 2 | 11 |
2022 | 16 | 4 | 20 |
2021 | 3 | 0 | 3 |
2020 | 4 | 1 | 5 |
2019 | 1 | 0 | 1 |
2018 | 2 | 1 | 3 |
2017 | 6 | 1 | 7 |
Trinity Capital's Investments by Stage
Trinity Capital has made 30 investments in Venture Debt stage with an average round size of $24.6M, 13 investments in Conventional Debt stage with an average round size of $22.5M and 11 investments in Series B stage with an average round size of $26.1M.Stage of entry | No. of Investments |
|---|---|
Venture Debt | 30 |
Conventional Debt | 13 |
Series B | 11 |
Series C | 11 |
Series D | 5 |
Others | 9 |
Note: We have considered here, only first round of investments
Trinity Capital's Investments by Sector
Trinity Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, HealthTech and Retail. Notably, it has invested in 145 Tech companies, 117 Enterprise (B2B) companies, 66 Software companies and at least 54 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
High Tech | 16 |
Consumer | 10 |
HealthTech | 9 |
Retail | 8 |
Others | 96 |
Note: We have considered here, only first round of investments
Trinity Capital's Investments by Geography
Trinity Capital has made most investments in United States (73), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 73 |
Canada | 2 |
France | 1 |
Israel | 1 |
Spain | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Trinity Capital's recent investments
Trinity Capital has not made any investment in 2026 so far.Here are the most recent investments by Trinity Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 05, 2024 | United States | Series C | 8350 | - | |
Nov 12, 2024 | Spain | Series C | 7284 | [+2] | |
Sep 24, 2024 | United States | Series D | 9544 | [+6] | |
Sep 13, 2024 | United States | Venture Debt | 3096 | - | |
Aug 28, 2024 | United States | Conventional Debt | 4670 |
Unicorns in Trinity Capital's Portfolio
Trinity Capital has 16 unicorns in its portfolio - Hermeus, Tomorrow.io, Blueground and others. The most recent unicorn in their portfolio is Hermeus. It became a unicorn in 2026.Here is a list of unicorns in Trinity Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Manufacturer of supersonic aircraft | 2018 | Atlanta | Series C | nyhvfoe | ||
77 | AI-powered weather intelligence platform using satellites for real-time forecasting | 2016 | Boston | Series F | wybcqvv | ||
73 | Provider of furnished apartment rental platform for flexible mid‑ to long‑term stays | 2013 | New York City | Series D | eppqtuv | ||
64 | Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions | 2020 | San Carlos | Series C | vpzniie | ||
71 | Provider of unified commerce and logistics solutions for business growth | 2020 | Houston | Series D | luhxwsw |
IPOs and Publicly Listed companies in Trinity Capital's Portfolio
12 of Trinity Capital's portfolio companies have become public. EquipmentShare got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2026 at marketcap of $5.24B and Shoulder Innovations got listed on the New York Stock Exchange (NYSE) at marketcap of $299M.Here are Trinity Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 23, 2026 | - | - | 3611 | |
Jul 31, 2025 | Aug 24, 2023 | Venture Debt | 5240 | |
Mar 02, 2022 | - | - | 4353 | |
Feb 03, 2022 | - | - | 9204 | |
Nov 24, 2021 | - | - | 2574 |
Acquired companies in Trinity Capital's Portfolio
58 companies from Trinity Capital's portfolio have been acquired. The most recent acquisition was Maxwell in Sep 2026 by PLACE for $*****.Here are Trinity Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 25, 2026 | - | - | 9229 | |
Sep 01, 2026 | Apr 09, 2024 | Conventional Debt | 8430 | |
Sep 01, 2026 | - | - | 7293 | |
May 20, 2026 | - | - | 8762 | |
Apr 30, 2026 | - | - | 8222 |
Team profile of Trinity Capital
Trinity Capital has a team of 15 members including 6 Partners located in United States.Here is a list of top team members in Trinity Capital:
Name | Designation | Location | Contact Details |
|---|---|---|---|
Partner | United States | - | |
Partner | Boston | ||
Partner | San Jose | - | |
Partner | San Diego | - | |
Partner | Boston | - | |
Partner | - |
Co-investors of Trinity Capital
Over the past 14 years, 777 investors have co-invested in Trinity Capital's portfolio companies. This includes funds and angels.
- Invested before Trinity Capital: Y Combinator, TriplePoint Capital and 488 others have invested in rounds before Trinity Capital. There are 4 companies where Y Combinator has invested before Trinity Capital and 4 companies where TriplePoint Capital has invested before Trinity Capital.
- Top Co-investors of Trinity Capital: 56 investors entered a company along with Trinity Capital. These include investors like SVB (4 companies).
- Invested after Trinity Capital: A total of 231 investors have invested in Trinity Capital's portfolio after their investments. Top Investors include BlackRock (2 companies) and Portfolia (2 companies).
Recent News related to Trinity Capital
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Trinity Capital Prices Offering of $350.0 Million of 7.50% Notes due 2032TMC•Oct 01, 2026•Trinity Capital
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Trinity Capital Reports $1.1 Billion in New Commitments and $925 Million in Funded Investments for First Half of 2026 – Minichartminichart.com.sg•Jul 09, 2026•Trinity Capital
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Trinity Capital's High-Yield Roller Coaster: Understanding the Risks and TradeoffsWall St.•Mar 22, 2026•Trinity Capital
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Capital Southwest & Trinity Capital Partner in Senior Loan JVGlobeNewswire•Mar 16, 2026•Trinity Capital, Capital Southwest, Trinity Capital
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Trinity Capital Provides £25m to Motorway for UK GrowthEquipment Finance Advisor•Feb 03, 2026•Trinity Capital, Motorway
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Trinity Capital Inc. $TRIN Shares Acquired by Trexquant Investment LPMarketBeat•Sep 03, 2025•Trexquant, Trinity Capital, Murphy Oil Corp, Clearwater Paper and 1 other
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Trinity Capital Invests $15M in LendflowEquipment Finance Advisor•May 20, 2025•Trinity Capital, Lendflow
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Trinity Capital Announces $220 Million in Q1 2025 InvestmentsEquipment Finance Advisor•Apr 10, 2025•Trinity Capital
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CMR Surgical funding news - Cambridge-based CMR Surgical Secures Over €185 Million in FundingStartup Rise EU•Apr 02, 2025•CMR Surgical, Trinity Capital
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Trinity Capital Inc. Expands Institutional Fundraising Efforts With Appointment Of Zach TaffetPR Newswire•Mar 12, 2025•Trinity Capital, BlackRock
