Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic
Feb 07, 2024•over 1 year ago
Amount Raised
$20 Million
Investors
Trinity Capital Inc.
Description
Trinity Capital Inc. announced the commitment of $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies. The funding will enable Formlogic to acquire new CNC machines and continue to scale operations.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech