#

November 2, 2023 | Transactions, M&A

Zelig advises Accelex on $15m Series A led by FactSet

Zelig is delighted to announce that it has acted as sole financial advisor to Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, on its $15 million Series A funding round led by FactSet. Existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital also participated in the round. […]

Zelig is delighted to announce that it has acted as sole financial advisor to Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, on its $15 million Series A funding round led by FactSet. Existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital also participated in the round.

Accelex’s technology is already a key enabler in FactSet’s private markets growth strategy. Hence, this transaction further strengthens the relationship between the two firms as they work together to bring innovation to the alternative assets industry, helping market participants gain a deeper understanding of the drivers of investment performance.

This funding comes at an exciting time for Accelex. Over the past 24 months, the firm has embarked on a phenomenal growth trajectory. Accelex has won a large number of top-tier asset owners and allocators along with asset servicers and service providers as clients. These firms now represent a combined asset base of over $1.5 trillion, invested in more than 13,000 private market funds across 4,000 asset managers. The capital infusion will allow Accelex to expand its operations further, enhance product capabilities, and enlarge asset class coverage.

“Data-driven decision-making is critical for our clients, particularly as their portfolios increase in exposure to private capital, where the acquisition, aggregation, and analysis of investment data has been a challenge. We are thrilled to partner with Accelex on this journey to bring innovative solutions to private markets, united by our shared commitment to empowering the alternative investment community with superior data and analytics, enabling better investment outcomes.”
Rob Robie
Executive Vice President, Head of Institutional Buyside at FactSet
“This partnership will solidify our position as a leader in the alternative investment data management and analytics space. Today we serve some of the world’s largest and most sophisticated investors and their service providers, delivering better data, faster while reducing their operational burden.”
Michael Aldridge
President, Accelex
“We are delighted with the completion of this latest financing round with FactSet and the continued support from our financial partners. This further validates the Accelex team, our approach to innovation, and the unique value proposition we offer our private markets clients.
Zelig’s advice throughout was insightful and effective, especially in managing the process and aligning objectives of the multiple stakeholders involved.”
Franck Vialaron
Chief Executive, Accelex

About Accelex
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. Find out more at www.accelextech.com and follow Accelex on LinkedIn.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to nearly 8,000 global clients, including almost 190,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have repeatedly scored 100 on the Human Rights Campaign® Corporate Equality Index. We have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on Twitter and LinkedIn.