Redex Group Raises $10M in Series A Funding
Summary
The round was led by Aramco Ventures, with participation from other investors from the Middle East, Southeast Asia, and Japan. 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. Established in 2018 by Jen-Wee Kang, CEO, Redex provides a trading platform for renewable energy certificates (RECs). In April, the company announced that it was the first API-integrated Platform Operator Account on I-REC, the world’s largest RECs registry. RECs are endorsed and adopted by RE100, the main consortium of leading brand owners committed to 100% renewable electricity.
Funding
Amount
$10.0M
Total raised
Date
October 31, 2023
Announcement date
Investors
-
Lead investors
Company
http://www.redex-group.com
Funded company
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