Accelex, a UK-based SaaS platform delivering alternative investment data management, has closed a new round of venture financing, raising USD5m. Current investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures renewed their commitment to the firm and are joined in this round by new investor MassMutual Ventures.
The financing will support Accelex’ expansion plans through further product development, client acquisition and support. Since its founding in 2018, Accelex has achieved significant growth, now supporting a global client base of investors and asset servicers. These investors represent a combined asset base of over USD1trn, invested in more than 6,000 private markets funds across 1,500 managers.
Accelex provides data acquisition, analytics and reporting solutions for alternative investors and asset servicers, enabling firms to access the full potential of critical investment performance and transaction data. Accelex solutions automate processes for extraction, analysis and sharing of difficult-to-access unstructured data. Accelex is headquartered in London, with offices in Paris, Luxembourg, New York, and Toronto.