Tuesday, February 27, 2024
HomeFunding London-based Accelex Secures $15m in Series A Round Funding

[Funding alert] London-based Accelex Secures $15m in Series A Round Funding

London-based Accelex secures $15m in series A round funding. This round led by FactSet, a global financial digital platform and enterprise solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.

London-based Accelex secures $15m in series A round funding. This round led by FactSet, a global financial digital platform and enterprise solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.

The capital infusion comes at a time of rapid growth for Accelex, allowing the firm to further expand operations, enhance product capabilities, and deliver exceptional client success.

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This transaction strengthens the relationship between the two firms, with Accelex’s technology already a key enabler in FactSet’s private markets growth strategy.

Transparency is vital for investors. However, unlike traditional assets, investments in private markets are plagued by unstructured content, often requiring expensive and error-prone manual processing.

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Accelex is transforming the way investors tackle these challenges by leveraging market-leading data science to automate the end-to-end workflows from document acquisition and data extraction to reporting and analytics.

FactSet and Accelex are bringing innovation to the alternative assets industry, ultimately providing clients with solutions to better understand the drivers of investment performance.

Rob Robie, Executive Vice President, Head of Institutional Buyside at FactSet said, “Data-driven decision-making is critical for our clients, particularly as their portfolios increase in exposure to private capital, where the acquisition, aggregation, and analysis of investment data has been a challenge, We are thrilled to partner with Accelex on this journey to bring innovative solutions to private markets, united by our shared commitment to empowering the alternative investment community with superior data and analytics, enabling better investment outcomes.”

Michael Aldridge, President at Accelex said, “This partnership will solidify our position as a leader in the alternative investment data management and analytics space, we serve some of the world’s largest and most sophisticated investors, and their service providers, delivering better data, faster while reducing their operational burden.”

Franck Vialaron, Chief Executive at Accelex said,”We are delighted with the completion of this latest financing round with FactSet and the continued support from our financial partners, This further validates the Accelex team, our approach to innovation, and the unique value proposition we offer to our private markets clients.”

About Accelex

Accelex provides data acquisition, analytics and reporting solutions for investors and asset servicers enabling firms to access the full potential of their investment performance and transaction data.

Read also – Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

Powered by proprietary artificial intelligence and machine learning techniques, Accelex automates processes for the extraction, analysis and sharing of difficult-to-access unstructured data.

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