Trinity Capital Inc. Provides $50 Million in Growth Capital to Dwelly, Scaling UK Property-Management Marketplace

Rhea-AI Summary

Trinity Capital (Nasdaq: TRIN) committed $50 million in growth capital to Dwelly on February 26, 2026 to scale the UK property-management marketplace.

The facility will fund Dwelly’s AI-driven roll-up strategy, supporting strategic acquisitions and platform expansion after crossing 10,000 properties under management, placing Dwelly among the UK’s top 15 letting agencies.

Positive

• $50 million committed to growth capital to expand Dwelly’s platform
• Dwelly reached 10,000 properties under management, top 15 UK letting agencies
• Capital targets strategic acquisitions and tech-driven scaling across the UK

Negative

• None.

Key Figures

Dwelly growth capital: $50M Properties under management: 10,000 properties Total investment income: $293.7M +5 more

8 metrics

Dwelly growth capital $50M Committed facility from Trinity Capital

Properties under management 10,000 properties Dwelly portfolio size in UK lettings market

Total investment income $293.7M Trinity Capital full year 2025

Net investment income $144.1M Trinity Capital full year 2025

NAV per share $13.42 Trinity Capital full year 2025

Platform AUM $2.8B Trinity Capital as of 2025 year‑end

Gross investments funded $1.5B Trinity Capital full year 2025

Motorway facility £25M Growth capital committed on Feb 2, 2026

Market Reality Check

Price: $15.43 Vol: Volume 1,206,664 vs 20-da...

normal vol

$15.43 Last Close

Volume Volume 1,206,664 vs 20-day average 1,486,172, with relative volume at 0.81 pre‑announcement. normal

Technical Trading above 200-day MA, with price at $15.43 vs 200-day MA of $15.21 before this news.

Peers on Argus

TRIN was up 2.53% pre‑news while several asset‑management peers also gained (e.g...

TRIN was up 2.53% pre‑news while several asset‑management peers also gained (e.g., MFIC +1.49%, CSWC +1.86%, GSBD +1.42%), though NMFC declined 1.63%, indicating mixed but generally positive sector tone.

Historical Context

5 past events · Latest: Feb 25 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 25	Full-year earnings	Positive	+2.5%	Record 2025 income, NII, NAV and AUM with move to monthly dividends.
Feb 03	Prelim earnings	Positive	+0.5%	Preliminary Q4 NII and NAV ranges with low non‑accrual levels.
Feb 02	Growth capital deal	Positive	-2.9%	£25M Motorway growth‑capital commitment to support UK expansion.
Jan 28	Rating confirmation	Positive	+0.5%	Investment grade BBB (low) rating affirmed with trend raised to Positive.
Jan 13	Portfolio activity	Positive	-0.9%	Record <b>$2.1B</b> new commitments and <b>$1.5B</b> funded investments in 2025.

Pattern Detected

Recent positive fundamental and credit news often saw supportive price reactions, though growth‑capital deployment announcements have sometimes led to short‑term divergences, with 3 aligned and 2 divergent moves.

Recent Company History

Over recent months, Trinity Capital reported record 2025 results, including total investment income of $293.7M and net investment income of $144.1M, alongside NAV of $13.42 per share and platform AUM of $2.8B. It also highlighted record $2.1B of new commitments and $1.5B of funded investments in 2025. Credit quality was underscored by an investment grade rating of BBB (low) with a Positive trend. The current Dwelly growth‑capital commitment adds to earlier 2026 UK deployment such as the £25M Motorway financing.

Market Pulse Summary

This announcement extends Trinity Capital’s strategy of funding high‑growth, technology‑enabled plat...

Analysis

This announcement extends Trinity Capital’s strategy of funding high‑growth, technology‑enabled platforms, adding a $50M growth‑capital commitment to Dwelly after recent UK activity such as the £25M Motorway facility. It comes on the heels of record 2025 results, including total investment income of $293.7M, net investment income of $144.1M, and platform AUM of $2.8B. Investors may watch future disclosures for portfolio performance, credit quality, and returns on these UK growth‑equity style deployments.

Key Terms

growth capital, property management platform, ai-powered

3 terms

growth capital financial

"announced the commitment of $50 million USD in growth capital to Dwelly"

Growth capital is funding given to an already-operating company to help it expand—such as opening new locations, boosting production, or launching new products—without buying out current owners. Investors care because it aims to accelerate proven businesses to the next level: it can yield bigger returns than steady, mature companies but carries more risk, like putting fuel on a running car to make it go faster rather than building the car from scratch.

property management platform technical

"an AI-first lettings and property management platform"

A property management platform is software that acts like a digital control center for landlords and real estate managers, handling tasks such as tenant screening, rent collection, maintenance requests, lease tracking and financial reporting. Investors care because it makes operations more efficient and transparent—reducing missed rents and maintenance problems, providing timely financial data, and enabling faster scaling of rental portfolios, all of which can improve cash flow predictability and lower operational risk.

ai-powered technical

"integrates independent lettings agencies into its AI-powered property management platform"

"AI-powered" describes technology that uses artificial intelligence to perform tasks, make decisions, or analyze information automatically. It’s similar to having a highly skilled assistant that can learn from data, recognize patterns, and improve over time, helping to make processes faster and more accurate. For investors, this means better insights and more efficient operations, potentially leading to smarter investment choices.

AI-generated analysis. Not financial advice.

PHOENIX, Feb. 26, 2026 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced the commitment of $50 million USD in growth capital to Dwelly, an AI-first lettings and property management platform.

Dwelly is a London-based property technology company that acquires and integrates independent lettings agencies into its AI-powered property management platform, creating a unified ecosystem that streamlines operations and drives growth. Its platform automates key functions such as tenant onboarding, rent collection, maintenance coordination, and compliance tracking, providing an efficient and simplified experience for landlords, tenants, and agents.

"Dwelly is pioneering an AI-native roll-up of the UK lettings market—upgrading local agencies with a tech stack that drives productivity while harnessing their loyal tenant-landlord bases to build generational scale," said Craig Fox, Managing Director of Tech Lending - London at Trinity Capital. "We're thrilled to fuel this evolution, helping independent agencies adapt to a consolidating market, secure flexible succession options, and transform a historically fragmented and operationally complex industry."

This capital facility will help Dwelly scale across the UK market through strategic acquisitions and technology-driven growth.

"We have crossed 10,000 properties under management, placing Dwelly among the UK's top 15 letting agencies. Our vision is to build an end-to-end platform evolving into a fully transactional rental marketplace with a robust fintech layer for rent collection," said Ilya Drozdov, co-founder and CEO of Dwelly.

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 $5.5 billion across over 463 investments since inception in 2008 (as of December 31, 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 Dwelly
Dwelly is a UK-based lettings & property management AI-first platform. The company grows by acquiring and partnering with traditional letting agencies to elevate its level of service. After a series of M&As, Dwelly aims to consolidate and dominate the £10 billion UK letting market. Using AI, Dwelly streamlines the entire letting lifecycle—from tenant finding to rent collection—while enhancing the user experience. For more information, please visit www.dwelly.group. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-50-million-in-growth-capital-to-dwelly-scaling-uk-property-management-marketplace-302697452.html

SOURCE Trinity Capital Inc.

FAQ

What did Trinity Capital announce about Dwelly on February 26, 2026 (TRIN)?

Trinity Capital committed $50 million in growth capital to Dwelly. According to the company, the facility will fund Dwelly’s UK expansion via acquisitions and technology investment to scale its AI-first property-management platform.

How will the $50 million from TRIN be used to grow Dwelly in 2026?

The capital will fund strategic acquisitions and platform scaling across the UK. According to the company, funds will support integrating independent lettings agencies and expanding Dwelly’s AI-enabled operations and fintech layer.

What operational scale has Dwelly achieved that Trinity highlighted in the TRIN deal?

Dwelly has crossed 10,000 properties under management, ranking among the UK’s top 15 letting agencies. According to the company, this scale underpins its roll-up strategy and marketplace ambitions.

What strategic aims did Trinity state for its TRIN investment in Dwelly?

Trinity said the investment aims to fuel an AI-native roll-up of the UK lettings market and support succession options for local agencies. According to the company, this targets productivity gains and marketplace scale.

What does Dwelly plan next after receiving TRIN growth capital?

Dwelly plans to expand its end-to-end platform into a transactional rental marketplace with fintech rent collection. According to the company, the funding will accelerate acquisitions and technology development to reach that vision.