Tech Company Financing Transactions
Redex Group Funding Round
Redex Group, based in Singapore, raised $10 million from Aramco Ventures.
Transaction Overview
Company Name
Announced On
10/31/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Aramco Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Blk 71 Ayer Rajah Crescent #06-15
Singapore, 139951
SG
Singapore, 139951
SG
Phone
Website
Email Address
Overview
REDEX offers a full suite of services to manage Renewable Energy Certificates (RECs), which are used to offset scope 2 emissions. REHash marketplace by REDEX is a blockchain-enabled platform which tracks and certifies transfer of ownership and retirement of RECs to prevent double-counting of ownership. Through the REHash platform, clients can register their renewable energy assets, buy and sell RECs, as well as retire RECs to achieve their energy sustainability goals.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jen-Wee Kang
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Where The Data Comes From
We record every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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