Accelex Secures $15 Million in Series A Funding Round

Published 6 months ago

Accelex, a top-tier provider of AI automation for data acquisition, reporting, and analytics in private markets, has successfully raised $15 million in a Series A funding round. This financial boost was led by FactSet, a worldwide digital platform and enterprise solutions provider. Other contributors to the funding round included AlbionVC, Illuminate Financial, SixThirty Ventures, and Expon Capital.

Expanding Operations with Capital Infusion

This new round of funding arrives during a period of swift growth for Accelex. The capital infusion will allow the firm to significantly expand its operations, amplify its product capabilities, and ensure the success of its clients.

Transforming Private Market Investments

Investments in private markets often suffer from unstructured content, necessitating costly and error-prone manual processing. Accelex aims to change this by utilizing advanced data science to automate workflows from document acquisition and data extraction to reporting and analytics. The firm is bringing innovation to the alternative assets industry, offering clients solutions to better understand the drivers of their investment performance.

President at Accelex, Michael Aldridge, expressed that the company is currently serving some of the world’s largest and most sophisticated investors, delivering better data faster and reducing their operational burden.

Receiving Continued Support from Financial Partners

Franck Vialaron, Chief Executive at Accelex, expressed delight at the completion of the latest financing round with FactSet, and the ongoing support from the firm’s financial partners. This funding round further affirms the Accelex team, their innovative approach, and the unique value proposition they offer to private markets clients.

Impressive Growth Trajectory

Accelex has been on an impressive growth path over the past two years. The firm has added a large number of top-tier asset owners, allocators, asset servicers, and service providers as clients. These firms represent a collective asset base of over $1.5 trillion, invested in more than 13,000 private market funds across 4,000 asset managers.

In conclusion, Accelex’s successful funding round is a testament to its continued growth and commitment to innovation in the private market space. With its unique approach to automating workflows and providing solutions to investment challenges, Accelex is poised to continue its path of success and growth in the industry.