PHOENIX, Dec. 5, 2024
/PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN)
("Trinity"), a leading provider of diversified financial solutions
to growth-oriented companies, today announced the commitment of
$20 million in growth capital to
Steno, a tech-enabled provider of legal support and court
reporting services.
Steno provides tech-based tools and solutions meant to
streamline the litigation process, including court-reporting
services, remote deposition software, deferred payment options, and
custom legal technology. Founded by a trial attorney, a computer
engineer, and an entrepreneur, Steno aims to help attorneys
overcome the technological and financial hurdles of existing legal
processes.
"Steno's comprehensive product suite and bespoke solutions are
aimed at modernizing the legal industry, striving to making the
litigation process simpler and more efficient for attorneys," said
Bob D'Acquisto, Managing Director, Tech Lending at Trinity. "We are
proud to partner with Steno as the company expands its reach and
enhances its product offerings."
This new growth capital formed part of Steno's $46 million fundraise in May of 2024, and will
enable Steno to continue scaling its business.
"We're thrilled to partner with Trinity Capital to fuel our next
phase of growth," said Steno CEO Greg
Hong. "With their investment, we'll continue to push the
boundaries of innovation and deliver cutting-edge solutions like
Transcript Genius. Building on our 119% year-over-year growth,
we're excited about the future."
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 Steno
Founded on the simple idea that deposition services shouldn't be
an obstacle when trying to win a case, Steno is at the forefront of
the court reporting and legal technology industries. Steno focuses
on providing attorneys with innovative tools and options that
overcome the technological and financial hurdles that arise when
proving a case. As a partner in the pursuit of justice, Steno
understands the unique challenges faced by legal professionals and
is committed to delivering practical, impactful solutions.
To learn more about Steno or to request information about its
services, visit www.steno.com.
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SOURCE Trinity Capital Inc.