Trinity Capital made a commitment of $20 million in growth capital to MacroFab, a manufacturing platform for building electronics from prototype to high-scale production.
MacroFab oversees a network of more than 100 factories throughout North America. This infusion of capital follows its recent equity raise earlier this year of $42 million, led by Foundry and joined by BMW i Ventures, Edison Partners and ATX Venture Partners, bringing the total capital raised by the company to $102 million.
“We recognize the immense potential of MacroFab’s innovative platform to completely transform the electronics manufacturing landscape,” Ryan Thompson, managing director of tech lending at Trinity, said. “We look forward to partnering with their industry-leading team to drive this next generation of technology forward.”
The company’s technology platform advances electronics manufacturing by streamlining operations, improving efficiency and offering visibility into production. This investment will enable the company to further advance its platform, expand operations and accelerate revenue growth.
“This new financial partnership with Trinity signifies a bright and promising future for MacroFab,” Phil Patman, Jr., CFO of MacroFab, said. “With support from Trinity Capital, we will continue to strengthen our position in the market and enhance our capacity to deliver cutting-edge solutions to electronics manufacturers of all sizes. Together, we are well-equipped to drive transformative change within the electronics manufacturing industry.”
