Accelex offers data acquisition, analytics and reporting solutions for alternative investors and asset servicers, using proprietary AI and machine learning to automate extraction, analysis and sharing of unstructured private markets data. Its platform focuses on automating difficult-to-access data to deliver investment performance and transaction insights. The company serves clients whose combined asset base exceeds $1.5 trillion, invested in more than 13,000 private market funds across 4,000 asset managers. Accelex operates from offices in London, Paris, Luxembourg, New York and Toronto. The firm plans to use recent funding to expand operations, enhance product capabilities and deliver client success. Founded in 2018, Accelex targets increased automation and scalability for private markets data workflows. Accelex builds a financial data extraction, analysis and reporting platform that turns unstructured documents into structured data and insights for alternative investors. The product applies AI and machine learning to extract data from a wide range of documents and reporting, with an interface for last-mile validation and cross-team collaboration. The company says this automation streamlines investor operations and reduces time from receipt of document to actionable data. Accelex plans to use the new funding to further develop its product offering and to beef up client acquisition and support. Founded in 2019 and launched 12 months ago, the company reports strong client growth including Alberta Investment Management Corporation. Its clients’ combined asset base is reported at over $300 billion invested in 3,500 private market funds across 1,100 managers.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2023