Accelex, a prominent player in the AI automation for private markets data acquisition, reporting, and analytics, has successfully concluded a Series A funding round with a total investment of $15 million. The funding round was led by FactSet, a global financial digital platform and enterprise solutions provider, and saw participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures, and Expon Capital. This significant capital infusion comes at a time of rapid growth for Accelex, enabling the company to expand operations, enhance product capabilities, and deliver exceptional client success.
Accelex Secures $15 Million Series A Funding
Details of the Series A funding round led by FactSet
Accelex has successfully closed a Series A funding round, raising a total of $15 million. The funding round was led by FactSet, a global financial digital platform and enterprise solutions provider. Existing investors Illuminate Financial, AlbionVC, SixThirty Ventures, and Expon Capital also participated in the round.
This significant funding will enable Accelex to further expand its operations, enhance its product capabilities, and deliver exceptional client success. The partnership with FactSet strengthens the relationship between the two firms, with Accelex's technology already playing a key role in FactSet's private markets growth strategy.
Transforming Private Markets with AI Automation
How Accelex leverages AI to automate private markets data processes
Private markets investments often involve unstructured content, which can be challenging to process manually. Accelex is revolutionizing the way investors handle these challenges by leveraging AI and data science to automate end-to-end workflows.
Using market-leading data science techniques, Accelex automates document acquisition, data extraction, reporting, and analytics. This automation not only saves time and reduces errors but also enables investors to gain deeper insights into the drivers of investment performance.
Empowering Investors with Superior Data and Analytics
The impact of Accelex's solutions on data-driven decision-making
Data-driven decision-making is crucial for investors, especially in private markets where accessing and analyzing investment data can be challenging. Accelex's solutions empower investors by providing them with superior data and analytics.
By automating the acquisition, aggregation, and analysis of investment data, Accelex enables investors to make more informed decisions. This partnership between Accelex and FactSet is driven by a shared commitment to empowering the alternative investment community with reliable data and analytics.
Positioned as a Leader in Alternative Investment Data Management
Accelex's growth trajectory and expanding client base
Over the past 24 months, Accelex has experienced remarkable growth, attracting top-tier asset owners, allocators, and service providers as clients. The company now serves some of the world's largest and most sophisticated investors, with a combined asset base of over $1.5 trillion.
With a focus on delivering better data and reducing operational burden, Accelex has positioned itself as a leader in the alternative investment data management and analytics space. The completion of this latest financing round further validates Accelex's innovative approach and unique value proposition.
About Accelex and FactSet
Brief overview of Accelex and FactSet
Accelex, founded in 2018, provides data acquisition, analytics, and reporting solutions for alternative investors and asset servicers. The company's headquarters are in London, with offices in Paris, Luxembourg, New York, and Toronto.
FactSet is a global financial digital platform and enterprise solutions provider. The company delivers financial data, analytics, and open technology to nearly 8,000 global clients. FactSet's comprehensive content and workflow solutions are used by clients across the buy-side, sell-side, wealth management, private equity, and corporate sectors.
Conclusion
Accelex's successful Series A funding round, led by FactSet, marks a significant milestone for the company. The $15 million investment will fuel Accelex's expansion and enhance its product capabilities, further solidifying its position as a leader in AI automation for private markets data acquisition, reporting, and analytics.
With its innovative solutions and commitment to empowering the alternative investment community, Accelex is transforming the way investors handle unstructured content and make data-driven decisions. The partnership between Accelex and FactSet will continue to drive advancements in the alternative assets industry, ultimately benefiting clients with superior data and analytics.
