PHOENIX, June 25,
2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:
TRIN) ("Trinity"), a leading provider of diversified financial
solutions to growth-oriented companies, today announced a
commitment of $40 million debt
facility to Gravie, one of the nation's fastest growing health
benefits innovators.
Gravie offers self-funded health plans, called Comfort®, for
small and mid-size employers. Comfort provides comprehensive
coverage with no deductibles or copays on the most common
healthcare services, including virtual care. Gravie aims to
simplify healthcare by offering straightforward plans and providing
additional benefits like interest-free payment options.
"Gravie's innovative approach to health benefits can help small
and mid-sized businesses provide quality, affordable coverage to
their employees," said Ryan
Thompson, Managing Director, Tech Lending at Trinity
Capital. "We're excited to partner with Gravie as they continue
scaling their Comfort health plan model nationwide."
"We are excited to partner with the Trinity team as we grow our
business and seek to make health benefits plans work for everyone,"
said Charles Marentette, Chief
Financial Officer of Gravie.
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 Gravie
Gravie has been and continues to be at the forefront of
driving change and improving the healthcare industry by creating
innovative employer-sponsored health benefit solutions that put
consumers first. Comfort®, Gravie's flagship product, is
the nation's first-of-its-kind health plan that provides
first-dollar, 100% coverage on most common healthcare services, at
a cost comparable to traditional group health plans. Learn more
about Gravie at www.gravie.com.
Media Contact
Vibhor
Garg
Managing Director, Marketing
Trinity Capital, Inc.
vgarg@trincapinvestment.com
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SOURCE Trinity Capital Inc.