Accelex raises £12.4m Series A to Automate Critical Private Markets Workflows for Investors
Accelex, a SaaS platform redefining alternative investment data management, announced today it has closed a £12.4m funding round with participation from existing investors including Albion Capital.
The capital infusion comes at a time of rapid growth for Accelex, allowing the firm to further expand operations and enhance product capabilities. During the past 24 months the firm has embarked on a phenomenal growth trajectory, adding a large number of top-tier asset owners and allocators along with asset servicers and service providers as clients. These firms now represent a combined asset base of over £1.2 trillion, invested in more than 13,000 private market funds across 4,000 asset managers.
Transparency is vital for investors but private market investments are plagued by difficult-to-access, unstructured data. Accelex is leveraging market-leading data science to automate the end-to-end workflows, helping clients to access the full potential of critical investment performance and transaction data.
"We are delighted with the completion of this latest financing round with FactSet and the continued support from our financial partners,” remarked Franck Vialaron, Chief Executive at Accelex. “This further validates the Accelex team, our approach to innovation, and the unique value proposition we offer our private markets clients.”
Jay Wilson, Partner at Albion, comments:” With an amazing growth trajectory, we are delighted to continue supporting Accelex as they address a clear need for innovation in the private market space. Accelex is an example of a company that aligns with our thesis to back experienced teams with deep domain expertise in large global markets that are desperate for digitisation and innovation.”