PEStore

Private Debt/Credit

Trinity Capital

Trinity Capital lends to companies rather than buying equity, from Phoenix, United States. It states a focus on software & internet, healthcare & life sciences, financial services and consumer & retail.

Capital raised$196macross 8 SEC-filed vehicles
Most recent fund2025filing since 2010
HeadquartersPhoenix, United States
Stated fund size$3.2B AUM

Stated investment criteria

What Trinity Capital says it buys

Read from Trinity Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded20082
OfficesPhoenix, San Diego2
People listed on its team page941

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Trinity Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Trinity Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed8
Total capital raised$196m
Largest single vehicle$54m
Filing history2010 to 2025
Smallest accepted commitment$10k
Filed fromARIZONA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Trinity Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$158m
Employees106
Private funds advised1 · $31m gross
SEC adviser numberCRD 326133

Portfolio

Disclosed holdings

Companies Trinity Capital lists on its own website. No investment years are published. 1 has a recorded transaction against it in the deal archive.

CompanyInvestedYears heldRecorded transaction
42 Floors
ALL.SPACE
AST SpaceMobile
Additech
Advantum Health
Agilum Healthcare
Aledia
Allseated
Angel Studios
ApiJect
Applied Digital
Artera
Aspen Avionics
Astranis
Athletic Brewing Company
Atmosphere TV
Augmedix$139m 2024
Autonomy
Axiom Space
BH Cosmetics
Backblaze
Bask
BaubleBar
Beam Benefits
Because Market
Bestow
Birchbox
Blueground
Bobbie
Bolb
Bonusly
Boosted Commerce
Bowery Farming
CMR Surgical
Cagent Vascular
Cala Health
Candel Therapeutics
Cart
Catalogic
Centivo
Cepton
Cherry
Circle Media
Cirrascale
CleanPlanet Chemical
CleanSpark
Consensus
Continuity
Convercent
Convergent Dental
Crowdtap
Cuebiq
D-Wave Systems
DailyPay
Dandelion Energy
Daring Foods
Delphinus
Denim
Dentologie
Digilens
Digitalpath
DrinkPAK
Drone Racing League
Dwelly
Dynamics
E La Carte
EVO
EarthDaily
Edeniq
Electric Hydrogen
Elevate K-12
Elucent Medical
Emboline
Emerald Cloud Labs
Empower Finance
Empyr
Eos Energy
Equipment Share
EtaGen
Eterneva
Examity
Exela
Exer Urgent Care
Eyelit
Fabric
Fernish
Fingerprint Digital
Fireapps
Firefly
Fonality
Footprint
Form Energy
Galvanize
GoCheckKids
Gobble
GrandPad
Gravie
Greenlight Biosciences
GrubMarket
HNI Healthcare
Hadrian
Handle Financial
Happiest Baby
Health-Ade
Healthline Networks
Hermeus
Hologram
Hometown Ticketing
Hut 8
Hytrust
IMRIS
INSHUR
Iantrek
Impel
Impossible Foods
Impress
Impulse Space Propulsion
InContext Solutions
Inca Digital
Indie Semiconductor
Inktavo
Integrate
Intelligo
Julep Beauty
K2View
KIBO
Kafene
Kard
Kerv
Kinetic
Knock
Kymeta
Lark
Lehigh Technologies
Lendflow
Lightforce Orthodontics
Lightning Step
Localytics
Machine Zone
Macrofab
Madison Reed
Matterport
Maxwell
Meati
Medical Sales College
Mesa
Metabolon
Miyokos Creamery
Molekule
Monteris Medical
Motorway
Moxe
Nature's Fynd
Neurolens
Neuros Medical
Nexus Systems
Nucleus RadioPharma
Ogee
Ohm Connect
Okami Medical
Orchard
OrgChart
Pagaya
Parafin
Path Robotics
PatientFi Inc.
Paytient
Pearl Health
Pebblepost
Pendulum Therapeutics
Petal
Pointright
PurpleLab
Quip
Qwick
Rapid Micro Biosystems
RapidMiner
Rebag
Reciprocity
Recycle Track Systems
Renalogic
RentSync
Replay Technologies
Resilinc
Restor3d
Revelle
Rho Business Banking
Rigetti
Rinse
Robotany
Rocket Lab
RxAnte
SI Tix
SOCi
SQL Sentry
Sage Health
Saylent Technologies
SeaOn Global
Second Nature
Service Trade

Compiled from Trinity Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other private debt/credit investors active in software & internet.