London, UK-based, a leading provider of AI automation for private markets data acquisition, reporting and analytics, Accelex raised USD 15 million in a Series A funding round. FactSet, a provider of global financial digital platforms and enterprise solutions provider, led the financing for the company. Meanwhile, existing investors such as Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital also joined in the funding.
Zelig Capital Partners served as financial advisor as well as Goodwin Procter LLP acted as legal advisor to Accelex. Mills & Reeve LLP also served as legal advisor to FactSet.
Purpose of financing for Accelex
The capital infusion allows the firm to further expand operations. It also seeks to enhance product capabilities. Meanwhile, Accelex seeks to deliver exceptional client success.
In addition, the transaction strengthens the relationship between the two firms, with Accelex’s technology already a key enabler in FactSet’s private markets growth strategy.
FactSet and Accelex together bring innovation to the alternative assets industry, ultimately providing clients with solutions to better understand the drivers of investment performance.
What the investors have to comment
Rob Robie, Executive Vice President and head of Institutional Buyside at FactSet, said, “Data-driven decision-making is critical for our clients, particularly as their portfolios increase in exposure to private capital, where the acquisition, aggregation, and analysis of investment data has been a challenge. We are thrilled to partner with Accelex on this journey to bring innovative solutions to private markets, united by our shared commitment to empowering the alternative investment community with superior data and analytics, enabling better investment outcomes.”
What the Accelex officials have to comment
Michael Aldridge, President at Accelex, further said, “This partnership will solidify our position as a leader in the alternative investment data management and analytics space. Today, we serve some of the world’s largest and most sophisticated investors and their service providers, delivering better data faster while reducing their operational burden.”
In addition, Franck Vialaron, Chief Executive at Accelex, said, “We are delighted with the completion of this latest financing round with FactSet and the continued support from our financial partners. This further validates the Accelex team, our approach to innovation, and the unique value proposition we offer our private markets clients.”
About Accelex
Franck Vialaron, Michael Aldridge and Nicole Weder launched the company in 2018. Accelex provides data acquisition, analytics and reporting solutions for alternative investors and asset servicers. It further enables firms to access the full potential of critical investment performance and transaction data.
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