Trinity Capital Invests in Steno

Investing.com — Trinity Capital Inc (NASDAQ: TRIN) has committed $20 million in growth capital to Steno, a legal support and court reporting technology firm.

Steno provides various tools to optimize litigation, such as court-reporting services, remote deposition software, deferred payment options, and adaptable legal technologies. The firm aims to tackle technological and financial hurdles attorneys encounter in the legal system.

Bob D’Acquisto, Managing Director of Tech Lending at Trinity, stated, “Steno’s comprehensive product suite and bespoke solutions aim to modernize the legal industry, making the litigation process simpler and more efficient for attorneys.” Trinity expressed pride in partnering with Steno as it expands its reach and improves offerings.

Trinity, a venture debt financing provider, notes that this funding is part of a larger $46 million financing round Steno completed in May 2024. Steno plans to use these funds to scale its operations and broaden its offerings.

Steno CEO Greg Hong remarked, “We’re thrilled to partner with Trinity Capital to fuel our next phase of growth. With their investment, we’ll continue to push the boundaries of innovation and deliver cutting-edge solutions like Transcript Genius. Building on our 119% year-over-year growth, we’re excited about the future.”