Software Maker That Helps Renewable Investors Raises $15 Million
Software Maker That Helps Renewable Investors Raises $15 Million
(Bloomberg) -- T-Rex Group Inc., which makes software to analyze investments in renewable power plants and other assets, has raised $15 million in its latest funding round.
T-Rex has now raised a total of $30 million, the New York company said in an email. Citigroup Inc., the Westly Group and Viola FinTech led the round. While the company’s roots lie in renewable power financing, T-Rex has expanded its programs to analyze investments in timeshares, aircraft, small business loans and other assets.
Viola general partner Daniel Tsiddon and Tim Wang, principal at Westly, have joined T-Rex’s board in conjunction with the investment.
--With assistance from Brian Eckhouse.
To contact the reporter on this story: David R. Baker in San Francisco at dbaker116@bloomberg.net
To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Will Wade
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