T-REX Group, Inc. ("T-REX"), a New York and Tel Aviv-based SaaS provider supporting the asset-backed financing industry, announced a $40 million Series C funding to accelerate investment in sustainable infrastructure and private credit markets.
The round was led by Riverstone Holdings LLC and Riverstone affiliates ("Riverstone"), with participation from existing shareholders Citi (NYSE: C), ClearSky, Westly Group, Viola FinTech, and the Partnership Fund for New York City.
T-REX, with its advanced support for private credit and ESG-driven investments, will become part of Riverstone's Decarbonization Growth Equity platform.
Company: T-REX Group, Inc
Raised: $40.0M
Round: Series C
Funding Month: January 2022
Lead Investors: Riverstone Holdings LLC and Riverstone affiliates
Additional Investors: ClearSky, Westly Group, Viola FinTech, and the Partnership Fund for New York City
Company Website: https://www.trexgroup.com/
Software Category: Financial SaaS platform
About the Company: Founded in 2012 by Benjamin Cohen, T-REX is the leading provider of managed services and enterprise software for complex asset classes, combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure, and enhance performance for complex investments. T-REX solutions for project finance, warehouse lending, ABS, and private credit address friction at each stage of the asset lifecycle, from origination through investment. By improving transparency and flexibly integrating diverse data sources, T-REX creates significant investment opportunities across alternative markets. Today, T-REX accelerates the growth of complex markets by equipping financial professionals with innovative data, analytics, reporting, and collaboration tools.
Source: https://finance.yahoo.com/news/t-rex-raises-40m-led-130000738.html