New York

New York funding news: Financial tech company tops recent local investments

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.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.