PHOENIX, Feb. 29,
2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:
TRIN) ("Trinity"), a leading provider of diversified financial
solutions to growth-stage companies, today announced the commitment
of $25 million in growth capital to
Moxe Health ("Moxe"), a leader in healthcare interoperability and
clinical data exchange.
Based in Madison, WI, Moxe
leverages technology to improve and simplify the sharing of
clinical information and critical insights between payer and
provider organizations. Working with leading health systems and the
largest national health plans, representing more than 150M US lives, Moxe uses APIs compatible with
leading Electronic Health Records to connect the healthcare
ecosystem with high quality, efficient data. By securely exchanging
precise, accurate data quickly and cost effectively, Moxe increases
efficiency and facilitates meaningful collaboration between
healthcare stakeholders.
"Moxe's innovative technology has the potential to revolutionize
the way data is exchanged by the healthcare system," said
Lauren Cosentino, Managing Director,
Life Sciences at Trinity. "We look forward to partnering with
Moxe's leadership team and supporting the company's continued
growth."
This growth capital will enable the team at Moxe to continue to
scale operations.
"Moxe appreciates Trinity's support and partnership as we
further advance clinical data exchange to drive affordable
healthcare," said Dan Wilson, CEO
and Founder of Moxe. "We're excited to scale and innovate, further
enhancing our Release of Information and Point of Care Insights
solutions to improve healthcare operations and deliver financial
and clinical outcomes for our customers."
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 Moxe Health
Moxe connects the healthcare
ecosystem with high quality, meaningful clinical data. Compatible
with the leading EHRs, Moxe simplifies the way providers and payers
securely share data and insights to optimize operations and improve
clinical and financial outcomes. Moxe's API-first approach is
revolutionizing privacy-minded data acquisition, management, and
activation to support risk adjustment, quality improvement, payment
integrity, value-based care, and more. www.moxehealth.com
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SOURCE Trinity Capital Inc.