REDD Intelligence Closes $5.8M Equity Funding to Accelerate Global Expansion, Expand Emerging Markets Research Offering and Open London Office

NEW YORK, August 6, 2020 /PRNewswire/ — REDD Intelligence, an online fixed income intelligence and analysis platform focused on emerging markets, today announced the closing of a $5.8 million equity financing round, effective immediately.

This is REDD’s first institutional financing and was led by Nassau Point Investors. Other investors include Neil OsbornPresident of REDD Intelligence and Thomas BarryPresident and CEO of Zephyr Management LP Terms of the transaction were not disclosed.

Proceeds from the capital increase will be used to fund the launch of REDD’s Central & Eastern Europe, Middle Eastand Africa (CEEMEA) emerging market bond coverage expected later this summer. CEEMA coverage will be managed from the new London office and other key CEEMEA locations. The company said the launch will complement REDD’s offering in global emerging markets, which includes the company’s success Latin America and Asia platforms.

Proceeds will also be used for the further development of AI and alternative data technologies to support REDD’s focus on crediting opportunities related to events and special situations.

“REDD continues to meet growing market demand for proprietary and specialized research, data and information on emerging markets credit, and we welcome our new strategic investors to enable this expansion,” said the CEO and co-founder of the group. Valeria Morozovsky Girimonte.

“We are delighted to announce the launch of CEEMEA, our latest geographic region of coverage. More than ever, in today’s global markets, REDD’s focus on high yield and distressed debt markets emerging helps subscribers identify, understand and take advantage of early stage and event driven opportunities.”

New board members

REDD also announced today that it welcomes new members to its Board of Directors under the leadership of the President Neil Osborn. New board members include:

  • Jonathan WendelFounder and Managing Member of Nassau Point Investors;
  • David Tenneyoperating partner of Nassau Point Investors and former co-chief operating officer of global research at Goldman Sachs
  • Christopher FordhamCIO at Daily Mail and General Trust (DMGT) and former CEO of Euromoney Institutional Investor PLC.

“We welcome these new Board members and the experience, expertise and ideas they will bring to REDD,” Mr. Osborn said.

Today’s news from REDD follows a series of recent milestones:

  • Within six months of June 30, 2020 REDD recorded global revenue growth (GAAP) of 42% year-over-year (YoY) with Asia with over 100% year-on-year growth, demonstrating accelerating momentum and market recognition in the region, coupled with the company’s proven market leadership in Latin America.
  • In October 2019 Designated REDD Jorge Wilmer as COO to support this global expansion. Mr. Wilmer brings a wealth of knowledge to REDD Intelligence as a seasoned banker and emerging markets expert, and manages the day-to-day operations of REDD’s growing global business while advising the management team.
  • Ahead of the launch of CEEMEA scheduled for later this summer, REDD has assembled an experienced team in key business centers across four continents. REDD’s emphasis on developing local teams to access primary intelligence on emerging markets sets it apart from competitors who rely on secondary information from overseas.

About Nassau Point Investors

Situated at Greenwich, Conn.Nassau Point Investors LLC is an investment firm that works closely with founders and management of lower middle market companies to help them grow their businesses and create substantial value for all stakeholders.

About REDD Intelligence

Based at new YorkRisk Event Driven Distressed Intelligence (REDD Intelligence) is a leading provider of material intelligence on special situations related to emerging market events.

Through an online platform and mobile apps, REDD provides real-time insights and analysis on more than 1,400 companies in emerging markets. REDD’s acclaimed team of journalists and analysts continuously report on trading catalysts, allowing bankers, asset managers and advisors to focus on opportunities relevant to their market or unique trading needs.

For REDD Intelligence
Christie Tan
[email protected]

MEDIA CONTACT:

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Armel Leslie
+1 (914) 320-7620
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Matt Yemma
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SOURCE REDD Intelligence

Carol M. Barragan