Trinity Capital Inc. Commits $20 Million in Growth Capital to Kymeta
PHOENIX, Sept. 5, 2024 /PRNewswire/ — Trinity Capital Inc. (NASDAQ: TRIN) announced today the commitment of $20 million in growth capital to Kymeta, a leading flat-panel satellite antenna company based in Redmond, WA.
Kymeta is a pioneer in multi-network satellite communications, utilizing cutting-edge technology based on metamaterial science to provide seamless integration with multiple satellite networks. Their antennas offer unparalleled connectivity and reliability, ensuring robust and continuous communications even in challenging environments.
“We are thrilled to support Kymeta as they continue to innovate and expand on their groundbreaking technology in satellite communications,” said Bob D’Acquisto, Managing Director, Tech Lending at Trinity. The new debt facility from Trinity will enable Kymeta to scale operations and fund growth initiatives, positioning them as a global leader in satellite communications on the move.
“We appreciate Trinity’s support and are excited to have them as a partner as we grow our business,” said Rick Bergman, President and CEO of Kymeta.
Trinity Capital Inc. is a leading provider of diversified financial solutions to growth-stage companies, with an investment objective to generate current income and capital appreciation. Their depth of knowledge and experience in lending to growth-stage companies sets them apart as a specialty lender.
Kymeta, the industry leader in flat-panel satellite antennas, offers purpose-built solutions for enterprise and military applications. Their innovative metasurface technology, coupled with a software-first approach, delivers the first commercially available, metamaterial-based and electronically steered flat-panel satellite antenna.
With this commitment from Trinity Capital, Kymeta is poised to continue its mission of unlocking the commercial value of space and providing ubiquitous broadband and truly mobile connectivity to customers worldwide.
For more information about Trinity Capital Inc., visit www.trinitycap.com. To learn more about Kymeta and their solutions, visit kymetacorp.com.
SOURCE Trinity Capital Inc.
