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TCI Commits $1.5mm to Cradlepoint

Trinity Capital is pleased to announce its latest investment, CradlePoint Technology, Inc., a Boise, Idaho based provider of the 3G and 4G routers for small and medium sized businesses and consumers.  Trinity worked closely with senior management at CradlePoint to understand its business and financing needs, leading to a creative $1.5MM financing structure to meet both short and longer term needs.

CradlePoint is a leading provider of secure and efficient internet connections utilizing the rapidly emerging high speed 3G/4G mobile broadband networks.

CradlePoint's development focus is in creating technologies that solve real day-to-day problems, and embodying them in products that are simple and easy to use. CradlePoint's 'WiPipe™' technology delivers functionality that is critical to simplifying the mobile broadband experience, while at the same time serving the needs of the 3G/4G Mobile Broadband Operators. www.cradlepoint.com

 

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