Riverstone Energy backs T-Rex – Riverstone Energy has made $17.5m preferred equity investment in T-REX Group, Inc.’s $40mSeries C funding round.
T-REX is a software-as-a-service (SaaS) provider, supporting the asset-backed financing industry. Riverstone says that it brings together asset class expertise, critical data management capabilities, and a platform for deal structuring, cash flow modeling, scenario analysis, real-time performance tracking, and reporting. T-REX is designed to facilitate increased investment allocations into sustainable, decarbonisation-related assets.
The process of transforming Riverstone’s portfolio is ongoing. This investment follows the recent decarbonisation investments in Tritium Pty, Solid Power, FreeWire Technologies, GoodLeap and Hyzon Motors.
RSE : Riverstone Energy backs T-Rex