Exclusive: Trinity Capital invests $20 million in legal services firm Steno

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

Steno offers a range of tools designed to streamline litigation processes, including court-reporting services, remote deposition software, deferred payment options, and other custom legal technologies.

The company seeks to address technological and financial challenges faced by attorneys in the legal system.

“Steno’s comprehensive product suite and bespoke solutions are aimed at modernizing the legal industry, striving to making the litigation process simpler and more efficient for attorneys,” said Bob D’Acquisto, Managing Director, Tech Lending at Trinity. “We are proud to partner with Steno as the company expands its reach and enhances its product offerings.”

Trinity, a provider of venture debt financing, said the funding is part of a larger $46 million financing round completed by Steno in May 2024. The company plans to use the additional capital to scale its operations and expand its offerings.

“We’re thrilled to partner with Trinity Capital to fuel our next phase of growth,” said Steno CEO Greg Hong. “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.”

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