Data acquisition and reporting startup from London bags £3.5M as growth funding
Summary
We are excited to be supporting such a strong and experienced team to transform data analytics within the now mainstream “alternative asset” market.” “Accelex combines compelling automation with an elegant user experience for last-mile validation and cross-team collaboration”, noted Jerome Wittamer, Founding Partner at Expon Capital. “This approach streamlines investor operations, significantly reducing the time from receipt of document to actionable data and insights.” “The past decade has seen the mainstreaming of alternative and private market investments. Yet, the data and reporting for private market investors and asset servicers remain trapped in the dark ages,” said Atul Kamra, Managing Partner at SixThirty. Already, the global investment firms are challenged with highly manual operational workflows for data extraction and are seeking greater transparency into underlying fund assets. Its recent ISO 27001 certification by the British Assessment Bureau recognises the firm’s implementation of an effective information security system that complies with one of the most stringent international standards.