On Wednesday, Trinity Capital Inc TRIN announced the commitment of $25 million in growth capital to Elevate K-12, a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.
Trinity Capital is an internally managed business development company that provides diversified financial solutions to growth-stage companies with institutional equity investors.
Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies nationwide.
Also Read: Trinity Capital Inc. Reports First Quarter 2024 Financial Results
This new growth capital will enable Elevate to increase working capital, scale operations, and fund growth initiatives.
Shaily Baranwal, CEO and Founder of Elevate said, “This capital enables us to accelerate our ability to serve the needs of schools, districts, students, and teachers.”
Price Action: TRIN is up by 0.13% at $15.00 premarket at the last check on Wednesday.
Also Read: Trinity Capital Inc. Launches Sponsor Finance Vertical with New Strategic Hires
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