New York-based financial exchanges company T-REX has secured $15 million in a corporate round, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 4 and led by Citigroup.
According to its Crunchbase profile, "T-REX’s mission is to make complex capital markets more liquid through enhanced transparency and efficiency. In order to facilitate growth in complex asset classes, T-REX aims to continuously build effective market-relevant financial infrastructure that allows complex markets to be more robust through unprecedented transparency. T-REX is the financial and risk analytics platform for complex asset classes: increasing standardization, efficiency and transparency."
The seven-year-old company has raised four previous funding rounds, including a $10 million Series C round earlier this year.
Over the past year, 15 New York-based energy companies have secured venture funding, totaling $44 million in new investment to the local industry.
In other local funding news, e-learning company Ed App announced a $4.2 million corporate round on Sept. 5, financed by SafetyCulture.
According to Crunchbase, "Ed App is a learning management company."
The company also raised a $2.9 million corporate round in 2018.