FinTech innovator Accelex secures $15m in FactSet-led funding round for AI automation

FinTech innovator Accelex secures $15m in FactSet-led funding round for AI automation

Accelex, described as a trailblazer in AI automation for private markets data acquisition, reporting, and analytics, has garnered a commendable $15m in a Series A funding round.

Taking the lead in this investment endeavour is FactSet, a renowned digital platform and enterprise solutions provider in the global financial sector. Alongside FactSet, existing investors Illuminate Financial, AlbionVC, SixThirty Ventures, and Expon Capital also contributed to the funding.

Diving deeper into the company’s core operations, Accelex stands out by addressing a pressing concern in the investment sector. While transparency remains paramount for investors, private market investments often grapple with unorganised content. This frequently leads to costly and inaccurate manual processing.

Accelex, with its pioneering data science, has transformed this landscape. It efficiently automates workflows right from the document acquisition stage to reporting and analytics. In partnership with FactSet, Accelex aims to introduce groundbreaking solutions to the alternative assets sector. The overarching goal is to grant clients an in-depth insight into what drives their investment performance.

In terms of the company’s vision for the newly acquired funds, Accelex plans to use the capital to broaden its operational horizon, amplify its product features, and fortify client relations.

Rob Robie, Executive Vice President, Head of Institutional Buyside at FactSet, shared his perspective: “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.”

Michael Aldridge, President at Accelex, added, “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.”

Franck Vialaron, Chief Executive at Accelex, reflected on the recent milestone: “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 to our private markets clients.”

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