Denim secures $63 million in a warehouse facility financing from Silicon Valley Bank and Trinity Capital Inc.
Denim secures $63 million in a warehouse facility financing from Silicon Valley Bank and Trinity Capital Inc.
05/30/24, 12:08 PM
Location
jersey cityMoney raised
$63 million
Industry
transportation
logistics
Investors
Trinity Capital Inc., Silicon Valley Bank
Denim has secured a $63 million warehouse facility financing led by Silicon Valley Bank (SVB), a division of First Citizens Bank, in partnership with Trinity Capital Inc. The financing provided by SVB's National Fintech Practice and Trinity Capital Inc. will allow Denim to continue supporting the cash flow and operational needs of growing freight brokers.
Company Info
Location
jersey city, new jersey, united states
Additional Info
Denim is a tech-forward freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. Denim delivers fast access to the working capital freight brokers need, when they need it. With Denim's proven, flexible factoring solutions, freight brokerages can easily manage financing options, monetize working capital, and