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Accelex Announces $15M Series A Funding Round Led By Factset; Firms Set To Automate Critical Private Markets Workflows For Investors

Nov 02, 2023about 2 years ago

Amount Raised

$15 Million

Round Type

series a

LondonBig DataMachine LearningArtificial IntelligenceSoftwareAnalytics

Investors

Expon CapitalSix Thirty VenturesAlbion VcIlluminate FinancialFact Set

Description

Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, announced today it has closed a $15 million Series A funding 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.

Company Information

Company

Accelex

Location

London, England, United Kingdom

About

Deliver data-driven investment decisions, faster, with greater transparency and at scale with our next-generation machine-learning technology. Accelex allows investors and servicers in alternative assets to quickly and easily acquire, extract and analyze investment data. Using artificial intelligence and machine learning, Accelex allows clients to automate the accessing, extracting, organizing and analyzing of data from alternative investment portfolios. This offers clients a more complete picture of investments from the overall portfolio all the way down to the underlying assets. Accelex is headquartered in London with offices in Paris, Luxembourg, New York and Toronto. For more information please visit: www.accelextech.com

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech