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Accelex closes a new round of venture financing

Accelex, a SaaS platform redefining alternative investment data management, has closed a new financing round with MassMutual Ventures as well as current investors Albion Capital, Illuminate Financial, Expon Capital and SixThirty Ventures.


Accelex provides data acquisition, analytics, and reporting solutions for the private markets. Regulators are demanding more transparency, visibility and auditability of investment activity in private capital markets and investors are seeking greater transparency into funds and their underlying assets.


This is an expanding industry but one that is very underserved by technology with reporting and analysis workflows largely involving manual processing. Preqin, the alternative data provider, highlights c.50% of private capital fund managers still manage their portfolios in Excel. Accelex solves this unstructured data problem using proprietary data extraction algorithms.


We originally met Accelex to discuss the potential use as a customer since our processes also needed technological injection, but it quickly became clear that there was a compelling investment opportunity. Albion first invested in May 2021 along with other investors and joined the board to help accelerate the company’s global growth ambitions.


We are excited to continue this journey with this round of financing used to support Accelex’ expansion plans through further product development, client acquisition and support.