Palo Alto, CA – Dec. 31, 2014 – GainSpan Corporation has announced that it has recently secured a $5 million venture debt loan from Trinity Capital Investment. GainSpan Corporation, a leading provider of wireless connectivity solutions for the Internet of Things industry, was able to secure the loan with Trinity Capital Investment, a leading provider of venture loans and equipment leases to emerging growth companies, in order to meet their debt financing needs
To support the launch of its enhanced GS2000 chip, a highly-integrated, low-power device ideal for use in healthcare, consumer appliances, automation, smart energy, and control and monitoring application, GainSpan was searching for a new provider to supply working capital for the business. Based in San Jose, California, the Intel spin-off is backed by a number of premier venture capital and strategic investment firms, including OVP Venture Partners, Sigma Partners, and Intel’s venture capital arm, Intel Capital.
“GainSpan is at the forefront of the Internet of Things movement and we are pleased to add them to our growing list of portfolio companies.” – Steve Brown, Managing Partner, Trinity Capital Investment
Woodside Capital Partners served as the exclusive financial advisor to GainSpan Corporation in this transaction.
About GainSpan Corporation
GainSpan, a spinoff of Intel Corporation, is an innovator and leader in semiconductor solutions for wireless connectivity for the rapidly emerging Internet of Things. GainSpan solutions let customers easily create connected products for the Connected Home, Smart Energy, healthcare/fitness, control/monitoring in industrial, commercial and residential markets and high-speed audio, video and security applications. www.gainspan.com.
About Trinity Capital Investment
Trinity Capital Investment (Trinity) is a venture lender and valued partner to fast-growing companies across multiple stages and sectors. Since 2008, Trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. Providing senior and subordinated venture loans and equipment lease financing solutions, Trinity Capital Investment is the partner of choice for venture-backed entrepreneurial companies wanting an experienced financial partner to strengthen their financial position while preserving equity. For more information, please visit www.trincapinvestment.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001, with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.