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Trinity Capital Inc. Provides $26 Million in Growth Capital to Unmind to Further Empower Workplace Mental Health

Trinity Capital Inc. Provides $26 Million in Growth Capital to Unmind to Further Empower Workplace Mental Health

October 6, 2025 Craig Etkin

PHOENIX, Sept. 11, 2025 /PRNewswire/ — Trinity Capital Inc. (Nasdaq: TRIN) (the “Company”), a leading alternative asset manager, today announced the commitment of $26 million in growth capital to Unmind, the workplace mental health platform delivering complete care in one solution, powered by AI.

Unmind combines human expertise, digital innovation, and proven science so every employee can access the right support – from proactive and preventative AI guidance to therapy, coaching, crisis care, 24/7 programs, and wellbeing progress tracking. With tailored solutions for individuals, leaders, and organizations, Unmind helps build high-performing teams while driving productivity and growth for enterprises.

At the heart of their platform is Nova, Unmind’s mental health agent, which guides people to the right care at the right time while ensuring privacy and clinical oversight. Trusted by global brands, Unmind supports nearly 3 million employees worldwide.

“In today’s world, prioritizing mental health is vital, not just for individuals, but for the way we live and work together,” said Craig Fox, Managing Director of Tech Lending at Trinity Capital. “Unmind is transforming how people and businesses thrive, and we are proud to partner with a team so deeply committed to bringing wellbeing into the workplace.”

This new debt financing will help scale Unmind’s operations, further develop its proprietary AI agent “Nova,” attract talent, and invest in innovation. Trinity Capital’s $26 million funding, along with Unmind’s recent Series C and prior financings, brings the company’s total capital raised since inception to more than $100 million.

Dr. Nick Taylor, CEO and Co-Founder of Unmind, commented: “Workplace mental health has reached a turning point. Organizations now recognize they need solutions that support their people at every level – from proactive tools for individuals, to mental health training for leaders, to insights that shape whole-organization strategy. With Nova, our mental health agent at the center of the platform, we can guide every person to the right level of care while enabling businesses to build resilient, high-performing teams. Trinity’s support accelerates our work to deliver complete mental health care that drives both human and business potential.”

About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $4.7 billion across over 420 investments since inception in 2008 (As of June 30, 2025). Headquartered in Phoenix, Arizona, Trinity Capital’s dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).

About Unmind
Unmind is a workplace mental health platform delivering complete care in one solution, powered by AI. It combines human expertise, digital innovation, and proven science so every person receives the right support – from proactive mental health tools, therapy, coaching, and crisis support, to AI guidance, 24/7 programs, and progress wellbeing tracking. At the heart of the platform is Nova, its AI-powered agent, guiding people to the right care at the right time while keeping data private and conversations clinically overseen. Trusted by global brands, Unmind supports nearly 3 million employees worldwide, including Uber, Disney, Major League Baseball, Standard Chartered, and Diageo.

For more information, visit [unmind.com](https://unmind.com/).

SOURCE Trinity Capital Inc.

PHOENIX, Sept. 11, 2025 /PRNewswire/ — Trinity Capital Inc. (Nasdaq: TRIN) (the “Company”), a leading alternative asset manager, today announced the commitment of $26 million in growth capital to Unmind, the workplace mental health platform delivering complete care in one solution, powered by AI.

Unmind combines human expertise, digital innovation, and proven science so every employee can access the right support – from proactive and preventative AI guidance to therapy, coaching, crisis care, 24/7 programs, and wellbeing progress tracking. With tailored solutions for individuals, leaders, and organizations, Unmind helps build high-performing teams while driving productivity and growth for enterprises.

At the heart of their platform is Nova, Unmind’s mental health agent, which guides people to the right care at the right time while ensuring privacy and clinical oversight. Trusted by global brands, Unmind supports nearly 3 million employees worldwide.

“In today’s world, prioritizing mental health is vital, not just for individuals, but for the way we live and work together,” said Craig Fox, Managing Director of Tech Lending at Trinity Capital. “Unmind is transforming how people and businesses thrive, and we are proud to partner with a team so deeply committed to bringing wellbeing into the workplace.”

This new debt financing will help scale Unmind’s operations, further develop its proprietary AI agent “Nova,” attract talent, and invest in innovation. Trinity Capital’s $26 million funding, along with Unmind’s recent Series C and prior financings, brings the company’s total capital raised since inception to more than $100 million.

Dr. Nick Taylor, CEO and Co-Founder of Unmind, commented: “Workplace mental health has reached a turning point. Organizations now recognize they need solutions that support their people at every level – from proactive tools for individuals, to mental health training for leaders, to insights that shape whole-organization strategy. With Nova, our mental health agent at the center of the platform, we can guide every person to the right level of care while enabling businesses to build resilient, high-performing teams. Trinity’s support accelerates our work to deliver complete mental health care that drives both human and business potential.”

About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $4.7 billion across over 420 investments since inception in 2008 (As of June 30, 2025). Headquartered in Phoenix, Arizona, Trinity Capital’s dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).

About Unmind
Unmind is a workplace mental health platform delivering complete care in one solution, powered by AI. It combines human expertise, digital innovation, and proven science so every person receives the right support – from proactive mental health tools, therapy, coaching, and crisis support, to AI guidance, 24/7 programs, and progress wellbeing tracking. At the heart of the platform is Nova, its AI-powered agent, guiding people to the right care at the right time while keeping data private and conversations clinically overseen. Trusted by global brands, Unmind supports nearly 3 million employees worldwide, including Uber, Disney, Major League Baseball, Standard Chartered, and Diageo.

For more information, visit unmind.com.

SOURCE Trinity Capital Inc.


Venture Capital
Arizona, Phoenix, Trinity Capital, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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