Portfolio

Total Commitment $8 million
Business 3D video reconstruction technologies
Major Investors Guggenheim Partners, Samsung Ventures, Mark Cuban

FreeD Free Dimensional Video

Replay Technologies developed a revolutionary three-dimensional visual data format that changes the way we interact with video. Recently purchased by Intel, the “free dimensional” or freeD™ video format allows viewers to experience never-before-seen perspectives of live sporting events. From years of capturing data on the field and on the court, freeD™ breaks the mold of limitations to showcase athletes in a unique and breakthrough way as if they were wearing cameras themselves.

The patented data algorithms are able to create 3D-pixels of the entire surface area to build the scene in real time. Through continuous optimization of hardware and software, the freeD™ video content creates a revolutionary viewing experience for everyone.

The Replay Technologies' freeD system gives us the option to broadcast Mavs games with more unique angles, which in-turn gives viewers never before seen insight into the game.

Mark Cuban Dallas Mavericks
Total Commitment $8 million
Business 3D video reconstruction technologies
Major Investors Guggenheim Partners, Samsung Ventures, Mark Cuban
Total Commitment $20 million syndicated
Business Advanced battery energy storage solutions
Major Investors Kleiner Perkins, Advanced Technology Partners, Tao Ventures, Bright Capital

Aquion Energy

Aquion Energy manufactures proprietary Aqueous Hybrid Ion (AHI™) batteries and battery systems for stationary energy storage applications. AHI batteries are optimized for off-grid and microgrid systems, energy management, and grid-scale applications. Aquion’s high-performance, safe, sustainable and cost-effective batteries deliver industry-leading value for customers. Aquion’s battery systems provide flexible, modular energy storage that optimizes existing generation assets and enables broad adoption of renewable energy technologies such as wind and solar.

Aquion was searching for a new lender to refinance its existing debt structure as well as provide additional working capital to complement the company’s equity investment and grants of over $100 million. Aquion had previously closed a $55 million Series D round of equity funding to continue the commercialization of its proprietary Aqueous Hybrid Ion (AHI™) battery technology and was seeking a total of $20 million.

Trinity Capital Investment approached CapX Partners about the opportunity to syndicate the transaction. CapX, an alternative debt provider focusing on loans, leases and mezzanine capital, partnered together with Trinity to deliver a $20 million credit facility that includes an interest only period to assist Aquion with its cash flow and continued commercialization of its energy solutions while providing the flexibility for additional debt capital in the future.

We value the new partnership with Trinity and CapX and appreciate their confidence in Aquion’s team and innovative technology. The Trinity and CapX team carefully considered our financing needs and structured a solution that met our requirements. The new credit facility along with the Series D financing round provides the growth capital to continue building and scaling the company.

John Connolly Chief Financial Officer, Aquion Energy
Total Commitment $20 million syndicated
Business Advanced battery energy storage solutions
Major Investors Kleiner Perkins, Advanced Technology Partners, Tao Ventures, Bright Capital
Total Commitment $5 million
Business Fashion subscription e-commerce brand
Major Investors Matrix Partners, Technology Crossover Ventures, Rho Ventures

JustFab

Founded in 2010, JustFab (now TechStyle) is the leading fashion-subscription ecommerce site and lifestyle fashion brand that offers members an engaging and personalized shopping experience. Millions of members worldwide are given the celebrity treatment every month as they receive a customized selection of shoes, apparel, handbags and jewelry.

Members have exclusive access to fashion tips and content, clickable style boards to shop complete outfits and the team of JustFab fashion consultants for expert advice. At mostly $39.95 an item for VIP members, JustFab offers high-fashion looks at affordable prices and shipping is free for all items over $39.95. JustFab is available in the US, Canada, the United Kingdom, Germany, France, Spain, Sweden, Denmark and the Netherlands.

Total Commitment $5 million
Business Fashion subscription e-commerce brand
Major Investors Matrix Partners, Technology Crossover Ventures, Rho Ventures
Total Commitment $10 million
Business High-speed, sensor-based Light Sensory Network
Major Investors Mohr Davidow, Almaz Capital, Silver Creek

Sensity

Sensity Systems capitalizes on conversions to LED lighting—a process that will affect 4 billion lights worldwide over the next few years—to create a high-speed, sensor-based, multiservice, open networking platform known as a Light Sensory Network (LSN). LSNs help lighting owners improve lighting control and energy efficiency, as well as business processes that go well beyond lighting.

By embedding networking technology and sensors within LED luminaires themselves, Sensity uses energy-efficient LED lighting as the foundation for its turnkey NetSense platform, the first Light Sensory Network implementation. By working closely with developers of software applications and services that run on the NetSense platform, Sensity enables facility and municipal lighting owners to link energy efficiency and cost savings to the improvement of business goals as diverse as public safety, parking control, asset management, and retail analytics.

Sensity is the first company that has assembled all the relevant technology expertise, process integration know-how, and strong partnerships required to make the Light Sensory Network a reality.

As we prepare for light sensory network deployments worldwide, we selected Trinity to help enable us to meet our planned installations, achieve our milestones and drive strong revenue growth, while controlling expenses. The process of working with Trinity from start to finish was extremely well managed and I was impressed with the team. Trinity is at the forefront of the venture community with a variety of venture models that support the success of their portfolio companies.

Phil Rehkemper CFO, Sensity
Total Commitment $10 million
Business High-speed, sensor-based Light Sensory Network
Major Investors Mohr Davidow, Almaz Capital, Silver Creek
Total Commitment $6 million
Business SaaS for Situational Awareness and Police Video Management
Major Investors Braemar Energy Ventures

Utility

Utility is a venture-capital funded software developer headquartered in Decatur, Georgia in metropolitan Atlanta. The company provides real-time Situational Awareness and Police Video Management Software as a service and vehicle wireless communications hardware solutions for Police, Fire, EMS, Electric and Gas Utility, and Public Transit customers across the US. Utility owns US patents 6,831,566; 7,768,548; and 8,781,475; and has numerous patents pending with the US Patent Office, the Canadian Patent Office, and the European Union Patent Office.

I was impressed with the Trinity team at every stage of the process. They were well-organized and very experienced, which made the process extremely efficient and collaborative. I would certainly recommend Trinity Capital Investment to anyone interested in venture debt financing.

Bob McKeeman CEO, Utility
Total Commitment $6 million
Business SaaS for Situational Awareness and Police Video Management
Major Investors Braemar Energy Ventures
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