T-REX Raises $40M in Series C Funding

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TX Group, Inc., an Israel-based provider for a SaaS platform for the asset-backed finance industry, raised $40m through Series C funding.

Riverstone Holdings LLC led the round with Riverstone affiliates and existing shareholders Citi (NYSE: C), ClearSky and Westly Group. Viola FinTech and Partnership Fund for New York City also participated. Cynthia Kueppers, a Riverstone representative, will join the Board of Directors in conjunction with the funding.

T-REX’s founder and CEO Benjamin Cohen is the company’s CEO. The cloud-based SaaS technology combined with asset class expertise and critical data management capabilities makes it a unique platform for deal structuring and cash flow modeling, scenario analysis and real-time performance tracking. By giving institutions the modernized tools and validation they require to deploy capital, the company facilitates increased investment allocations into sustainable, decarbonization-related assets.

T-REX solutions are available for warehouse lending, project finance, ABS and private credit. They address friction at every stage of the asset’s lifecycle, starting with origination to investment.

Riverstone will include the company in its Decarbonization Growth Equity platform.

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