Investing.com — Trinity Capital introduced it has dedicated $20 million in development capital to Steno, a technology-enabled agency specializing in authorized help and court docket reporting providers.
Steno affords a variety of instruments designed to streamline litigation processes, together with court-reporting providers, distant deposition software program, deferred cost choices, and different customized authorized applied sciences.
The corporate seeks to handle technological and monetary challenges confronted by attorneys within the authorized system.
“Steno’s complete product suite and bespoke options are aimed toward modernizing the authorized trade, striving to creating the litigation course of less complicated and extra environment friendly for attorneys,” mentioned Bob D’Acquisto, Managing Director, Tech Lending at Trinity. “We’re proud to associate with Steno as the corporate expands its attain and enhances its product choices.”
Trinity, a supplier of enterprise debt financing, mentioned the funding is a component of a bigger $46 million financing spherical accomplished by Steno in Might 2024. The corporate plans to make use of the extra capital to scale its operations and develop its choices.
“We’re thrilled to associate with Trinity Capital to gasoline our subsequent section of development,” mentioned Steno CEO Greg Hong. “With their funding, we’ll proceed to push the boundaries of innovation and ship cutting-edge options like Transcript Genius. Constructing on our 119% year-over-year development, we’re excited concerning the future.”