Accelex Technology, a London-based data acquisition, analytics, and reporting solutions provider, has reportedly announced closing the $5 million seed round of venture financing co-led by AlbioVC and Illuminate Financial, with participation from SixThirty Ventures and Expon Capital.
Apparently, the capital raised would be used to accelerate the firm’s global growth ambitions through various industrial strategies like product development, support, acquisition, and others.
It has been speculated that Illuminate Financial and AlbionVC would join Accelex’ Board of Directors as a part of this strategic transaction.
Speaking on the latest fundraise, Accelex CEO, Franck Vialaron cited that the growth in alternative investment continues at pace and with this, the firm is enabling investors, and their asset services to mobilize their processes, gaining access to robust investment insights.
Franck also mentioned that the team is elated to welcome Illuminate Financial, Expon, AlbionVC, and SixThirty to its family. Accelex is quite confident that these scompanies’ contributions will be a fundamental factor in the firm’s positive growth trajectory.
Meanwhile, Mark Beeston, Managing Partner at Illuminate Financial exclaimed that the organization is thrilled to lead a strong syndicate of investors supporting an outstanding team of Accelex in their vision of building out a world-class organization.
On the other hand, Robert Whitby-Smith, a Partner at AlbionVC quoted that Accelex offers an integrated and holistic environment to manage, extract, and audit data from an endless range of general partner reporting formats. Parallelly, the firm is excited to stand as a support for such a strong and proficient team in its effort to transform data analytics within the ‘alternative asset’ business.
In addition to this, Jerome Wittamer, Founding Partner at Expon Capital mentioned that Accelex’ approach of combining compelling automation with an exceptional user experience for last-mile authorization would potentially streamline investor operations, thus significantly reducing the time from receipt of document to actionable insights and data.