Farukh Kitchlew | Feb 19, 2024 | 0
MacroFab receives $20 million in growth capital from Trinity Capital Inc
Trinity Capital, a leading provider of diversified financial solutions to growth-stage companies, announced a $20 million growth capital commitment to MacroFab. MacroFab has an incredible network of over 100 facilities across North America. This cash injection follows a $42 million equity round earlier this year. Foundry led the round and backed by BMW i Ventures, Edison Partners, and ATX Venture Partners. The company’s total capital is raised to $102 million.
Trinity Capital, a self-managed business development firm, is a prominent provider of diverse finance solutions to growth-stage firms. The investment goal of Trinity Capital is to create current income and, to a lesser extent, capital appreciation through investments. The scheme includes loans, equipment financings, and investments related to equity. Trinity Capital thinks it is one of just a few specialist lenders with the breadth of knowledge, experience, and track record in financing early-stage firms.
“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.”
Trinity Capital improves electronics manufacturing by simplifying processes and providing unique visibility into production. With this financing, the firm will enhance its platform, expand operations, and accelerate revenue growth. MacroFab offers the most comprehensive technology platform for electronics production. MacroFab’s robust infrastructure and marketplace enable on-time electronics production.
“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.”