Your Source for Venture Capital and Private Equity Financings

T-REX Gobbles Up $10M in Series B

NEW YORK, NY, Financial technology company announced the closing of a $10 million financing round.
T-REX Group, Inc. ("T-REX"), a financial technology ("fintech") company focused on providing data, analytics, and transactional tools for a variety of asset classes, including renewable energy, today announced the closing of a $10 million financing round. Leading European utility innogy (ETR:IGY) and the Partnership Fund for New York City ("PFNYC") joined the round. T-REX's Series B was originally led by Safeguard Scientifics (NYSE: SFE) with participation from Ecosystem Integrity Fund.

"With innogy's strategic commitment, T-REX has reached a significant milestone and found a global strategic partner to catalyze growth in the European renewable energy space," T-REX Founder and CEO Benjamin Cohen said. "innogy has proven to be the progressive thought and action leader, as the data-oriented utility of the future. We look forward to working with the innogy team to facilitate unprecedented liquidity in the European renewables market through the transparency and transactional capabilities that the T-REX platform provides."

Through innogy's investment, T-REX now has the foundation to broaden its offering in the renewables market, particularly in the utility sector. Florian Kolb, Managing Director of innogy New Ventures, Palo Alto, comments on the partnership, "innogy aims to combine innovation, technology, and renewable energy. T-REX's financial innovation around energy data is an essential piece to those long-term plans. We expect the deployment of the T-REX platform to drive business efficiencies and empower intelligent decision making."

The Partnership Fund for New York City also participated in this investment, following its selection of T-REX to join PFNYC's Fintech Innovation Lab. "As a graduate of the FinTech Innovation Lab, T-REX is a standout example of what can be achieved when you leverage New York City's business leadership to support great entrepreneurs," said Maria Gotsch, President and CEO of the Partnership Fund for New York City. "By tapping into mentoring from financial industry giants, T-REX, like many of our alumni, made a great business better and now is unlocking investment opportunities by bringing unmatched efficiency to the renewable energy industry."

Cohen added, "It is an honor for T-REX to have the support and commitment of the esteemed Board of the PFNYC. Working with Maria, her team and network has helped expand T-REX's market vision and reach, as we prepare to enter additional esoteric markets with inadequate financial infrastructure."

"This round was all about assembling a reliable team of partners, creating demand for a product and positioning T-REX for a period of sustained growth in key markets, both domestically and internationally," remarks Tina Aufiero, Managing Director at Safeguard Scientifics and T-REX Board Member. "Nearly nine-tenths of new power added to Europe's energy capacity last year was derived from renewable energy sources, and innogy will serve as the conduit to this commercial market. With a validated technology and a global strategic investor, T-REX has the ability to scale meaningfully, as the esoteric ABS market continues to develop."

With this investment, T-REX will continue to expand its team, grow its international client base, and optimize its SaaS platform for target markets across renewables and other esoteric asset classes.

About T-REX
T-REX is an industry-leading financial services software technology company that specializes in valuation, risk analysis, and structuring tools to unlock investment opportunities for various asset classes. Founded in 2012, T-REX has developed partnerships with some of the leading investment banking institutions. By using T-REX's secure, proprietary platform, investors, asset managers, and developers are empowered to efficiently and transparently finance, securitize, and manage their assets. For more information, visit or connect with the company on Twitter and LinkedIn.

About Innogy
innogy SE is Germany's leading energy company. With its three business segments
Grid & Infrastructure, Retail and Renewables, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world. Its activities focus on its 23 million customers, and on offering them innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. innogy New Ventures are the Palo Alto-based activities from innogy, focusing to secure future business for innogy via three core activity streams: 1. market entry, 2. venturing and 3. innovation. This includes leading a. strategic investments in early- and later-stage companies, b. a group-wide data-driven business model program and c. testing and launching new businesses for innogy. More information at

About Partnership Fund for New York City
The Partnership Fund for New York City is the $150 million investment arm of the Partnership for New York City, New York's leading business organization. The Fund's mission is to engage the City's business leaders to identify and support promising NYC-based entrepreneurs to create jobs, spur new business and expand opportunities for New Yorkers to participate in the City's economy.

About Safeguard Scientifics
Safeguard Scientifics (NYSE: SFE) provides capital and relevant expertise to fuel the growth of technology-driven businesses in healthcare, financial services and digital media. Safeguard targets companies that are capitalizing on the next wave of enabling technologies with a particular focus on the Internet of Everything, enhanced security and predictive analytics. Safeguard typically deploys between $5 million and $25 million over the course of its partnership with a company, initially investing in a Series A or B Round and opportunistically in a Seed Round. Safeguard has a distinguished track record of fostering innovation and building market leaders that spans more than six decades. For more information, please visit or follow us on Twitter @safeguard.

About Ecosystem Integrity Fund
Ecosystem Integrity Fund ("EIF") is a sustainability-focused venture capital fund, targeting sectors including renewable energy, green chemistry, and resource efficiency. EIF takes a systems-based approach to sustainability investment, primarily investing in more capital-efficient opportunities than the typical clean technology fund. EIF seeks out niches within "cleantech" that have not received the investor attention they deserve, resulting in better investment opportunities and greater impact with less capital. EIF believes small venture funds are better aligned with client interests and ensure a more disciplined approach to investment. For more information, visit
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors

Featured Reading