Accelex, a London, UK-based company specializing in AI automation for private markets data acquisition, reporting, and analytics, raised $15 million in Series A funding.
The round was led by FactSet, with participation from existing investors including Illuminate Financial, AlbionVC, SixThirty Ventures, and Expon Capital.
FactSet is a global financial digital platform and enterprise solutions provider. It helps the financial community to see more, think bigger, and work better. Its digital platform and enterprise solutions deliver financial data, analytics, and open technology to nearly 8,000 global clients, including almost 190,000 individual users.
Accelex Use of Funds
The funds will support Accelex's continued growth, enhance product capabilities, and strengthen its relationship with FactSet.
Founded in 2018, 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 transactional data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex automates processes for the extraction, analysis, and sharing of difficult-to-access unstructured data. Headquartered in London, with offices in Paris, Luxembourg, New York and Toronto.
Company: Accelex Technology Limited
Round: Series A
Funding Month: November 2023
Lead Investors: FactSet
Additional Investors: Illuminate Financial, AlbionVC, SixThirty Ventures, and Expon Capital
Company Website: https://www.accelextech.com/
Software Category: Data Acquisition, Analytics, and Reporting Solutions