LONDON – July 14, 2022 – Accelex, a SaaS platform redefining alternative investment data management, today announced the close of a new round of venture financing. Current investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures renewed their commitment to the firm and are joined in this round by new investor MassMutual Ventures.
The financing will support Accelex’ ambitious expansion plans through further product development, client acquisition and support. Since its founding in 2018, Accelex has achieved significant growth – now supporting a sophisticated global client base of investors and asset servicers. These investors represent a combined asset base of over $1tn, invested in more than 6,000 private markets funds across 1,500 managers.
“Continued participation by our original seed investors, now joined by MassMutual Ventures, is strong validation for our business model, execution and ultimately the value proposition we offer private market participants,” said Franck Vialaron, Chief Executive at Accelex. “We have continued on our trajectory to realize our vision of transforming how investors work with unstructured investment data through automation and analytics that drive greater insights while reducing operational costs.”
Ryan Collins, Managing Director at MassMutual Ventures said, “Accelex is addressing a central issue in alternative investing, and in a short time has positioned itself as a market leader in an arena that has tremendous growth potential. We are very pleased to participate in this round and be joined by other seasoned technology investors as we support Accelex on its growth path.”
Founded in 2018, Accelex provides data acquisition, analytics and reporting solutions for alternative investors and asset servicers, enabling firms to access the full potential of critical investment performance and transaction data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex solutions automate processes for extraction, analysis and sharing of difficult-to-access unstructured data. Accelex is headquartered in London, with offices in Paris, Luxembourg, New York, and Toronto. For more information please visit: www.accelextech.com
About MassMutual Ventures
MassMutual Ventures (MMV) is a multistage global venture capital firm investing in financial technology, digital health, enterprise SaaS, and cybersecurity companies. We help accelerate the growth of the companies we partner with by providing capital, connections and advice. MMV is backed by MassMutual, a Fortune 500 financial services company with assets under management of $460 billion (Dec. 2021). For more information please visit: www.massmutualventures.com