T-REX Group, Inc., a financial services technology company, today announced a $10 million Series B financing. The round was led by Safeguard Scientifics (NYSE:SFE) with $6 million, with participation from existing investor Ecosystem Integrity Fund (EIF). Approximately $3 million of the round has been earmarked for strategic investors. Proceeds will be used to expand product capabilities and scale T-REX’s client development team.
Founded in 2012 and headquartered in New York City, T-REX’s secure, enterprise SaaS-based analytics, risk, and portfolio management platform standardizes and provides transparency to the complex structured products evaluation process, increasing liquidity and creating significant investment opportunities for the hundreds of billions of dollars of capital across various esoteric, non-commoditized asset classes.
“In 2016, we have attained more than 150 end users and established influential industry partnerships, including Morningstar Credit Ratings and Renovate America,” said T-REX Founder and CEO, Benjamin Cohen. “In addition, we have achieved key product milestones and developed a repeatable go-to market strategy that has already helped facilitate hundreds of millions of dollars of new capital for our clients. The T-REX platform increases standardization, promotes efficiency, prioritizes transparency and enhances compliance, all while lowering costs for our customers, which include a global set of investors, bankers, and finance professionals.”
By 2021, the market for structured product analytics tools is expected to exceed $1.4 billion.
T-REX is addressing this opportunity by aggressively targeting global financial institutions, asset managers, developers, etc. Today, at major financial institutions, there are fragmented, non-standardized software solutions that are currently being used across the majority of asset classes, giving T-REX a meaningful opportunity to streamline and diversify its initial product offering. As software spend on financial markets infrastructure for structured products increases, additional asset classes will be targeted for development.
“To date, T-REX has demonstrated proof-of-concept in its beachhead markets — solar and Property Assessed Clean Energy (“PACE”) — which we believe is instrumental as the company looks to replicate its technology on a much broader scale,” said Tina Aufiero, Managing Director at Safeguard, who will join T-REX’s Board of Directors. “T-REX was founded with the mission to alleviate critical pain points in building valuation models and enabling more efficient and informed decisions in financing starting in esoteric, non-commoditized asset classes. With Safeguard’s refined focus on deploying capital in technology-enabled businesses, particularly within financial services, Safeguard recognizes the opportunity to close the gap for financial markets infrastructure and SaaS-based analytics in a rapidly-evolving structured products landscape.”
About T-REX Group
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 www.trexgroup.com or connect with the company on Twitter and LinkedIn.
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 ecosystemintegrity.com.
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 artificial intelligence, which includes predictive analytics and machine learning. 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 www.safeguard.com or follow us on Twitter @safeguard and LinkedIn.
