Accelex Announces $15M Series A Funding Round Led by FactSet; Firms Set to Automate Critical Private Markets Workflows for Investors

LONDON, Nov. 2, 2023 /PRNewswire/ -- Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, announced today it has closed a $15 million Series A funding round led by FactSet, a global financial digital platform and enterprise solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.The capital infusion comes at a time of rapid growth for Accelex, allowing the firm to further expand operations, enhance product capabilities, and deliver exceptional client success. "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," said Rob Robie, Executive Vice President, Head of Institutional Buyside at FactSet. ""We are delighted with the completion of this latest financing round with FactSet and the continued support from our financial partners," remarked Franck Vialaron, Chief Executive at Accelex. Powered by proprietary artificial intelligence and machine learning techniques, Accelex solutions automate processes for extraction, analysis and sharing of difficult-to-access unstructured data. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support.