Accelex, a SaaS platform redefining alternative investment data management, has raised $5m in funding.
The round saw participation from existing investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures. They were joined by new investor MassMutual Ventures.
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.
The company said the funding will support its ambitions to further product development, client acquisition and support.
Franck Vialaron, chief executive at Accelex, said, “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.
“We have continued on our trajectory to realise 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 added, “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.”
In April this year, MassMutual Ventures’ (MMV) Asia-Pacific and Europe team launched a $300m fund to invest in early and growth-stage companies in digital health, financial technology, enterprise SaaS, and cybersecurity.
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