Accelex, a London, UK-based provider of AI automation for private markets data acquisition, reporting and analytics, closed a $15m Series A funding.
The round was led by FactSet, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.
The company intends to use the funds to further expand operations, enhance product capabilities, and deliver client success.
Founded in 2018, Accelex provides data acquisition, analytics and reporting solutions for alternative investors and asset servicers, enabling firms to access critical investment performance and transaction data. Emowered by proprietary artificial intelligence and machine learning techniques, the company’s solutions automate processes for extraction, analysis and sharing of difficult-to-access unstructured data.
Accelex, which also has offices in Paris, Luxembourg, New York, and Toronto, serves firms now representing a combined asset base of over $1.5 trillion, invested in more than 13,000 private market funds across 4,000 asset managers.
FinSMEs
02/11/2023