REDD Intelligence, an online fixed-income intelligence and analytics platform focused on the emerging markets, announced that it closed a $5.8m equity financing round, effective immediately.
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This is REDD’s first institutional financing and was led by Nassau Point Investors. Other investors include Neil Osborn, Chairman of REDD Intelligence and Thomas Barry, President and CEO of Zephyr Management L.P. Terms of the transaction were not disclosed.
Proceeds from the capital raise will be used to finance the launch of REDD’s Central & Eastern Europe, Middle East, and Africa (CEEMEA) emerging market fixed-income coverage expected later this summer. CEEMA coverage will be managed from REDD’s new London office and other key CEEMEA locations. The company said that this launch will complete REDD’s Global Emerging Markets offering, which includes the company’s successful Latin America and Asia platforms.
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Proceeds will also be used for the further development of AI and alternative data technology to support REDD’s core focus on event driven, special situation credit opportunities.
“REDD continues to meet growing market demand for proprietary, specialized EM credit research, data, and insight, and we welcome our new strategic investors to enable this expansion,” said Group CEO and Co-Founder Valeria Morozovsky Girimonte.
“We are thrilled to announce the launch of CEEMEA, our final geographic region of coverage. More than ever, in today’s global markets, REDD’s focus on emerging market high-yield and distressed debt is helping subscribers identify, understand, and take advantage of early stage, event-driven opportunities.”
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