Trinity Capital provides USD 30 mln growth capital to

Friday 22 December 2023 14:00 CET | News

US-based Trinity Capital financial solutions company has committed to providing USD 30 million in growth capital to, a provider of unified commerce and logistics solutions. provides both physical and digital infrastructure to unify operations across channels, offering a complete suite of digitally driven logistics capabilities and enterprise-grade channels for middle-market and enterprise companies. The company currently empowers over 6,000 multichannel merchants to sell and fulfil orders anywhere their customers are, supporting over USD 8 billion in gross merchandise value. 

Trinity Capital financial solutions company has committed to providing USD 30 million in growth capital to, a provider of unified commerce and logistics solutions

Previously, in June 2023, announced that it had raised USD 60 million in a Series C equity funding round at a valuation of USD 1.2 billion, with participation from B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight, and other strategic corporate and financial investors. This investment is part of a larger USD 100 million debt refinancing that included Trinity and Silicon Valley Bank, a division of First Citizens Bank. 

As per an official statement, Trinity expressed its excitement about adding to their portfolio as an innovative company that's proving to be an indispensable commerce and logistics partner to a wide range of merchants. In response, explained that with Trinity's financing, the company will double down on investments that support the growing demand for innovative logistics and commerce infrastructure solutions that help its customers unlock more efficient growth. previous investments in growing opportunities is an ecommerce platform that offers software, services, and fulfilment solutions for multichannel commerce brands and enterprises. The company plans to expand its software and artificial intelligence offerings, to provide its customers with greater control over ordering and inventory management. To achieve this, will utilise predictive and prescriptive analytics. 

The funding round from June 2023 saw an increase of nearly 50% in’s evaluation from the previous Series B funding in February 2022. At the time, the ecommerce company extended its services to around 3,000 brands. 

The new funds were used to meet the needs of the ecommerce platform’s B2B clients and enterprises. More precisely, representatives from the company argued that they planned on using the investment to enhance their commerce data capabilities, specifically targeting the resolution of inventory, channel, and supply chain-related challenges. Moreover, they also had been focusing on the international expansion of the company.

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Keywords: investment, funding, partnership, marketplace, ecommerce
Categories: Payments & Commerce
Companies:, Trinity Capital
Countries: United States
This article is part of category

Payments & Commerce


Trinity Capital

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