Accelex announced the close of a $5 million seed round of venture financing co-led by Illuminate Financial and AlbionVC

Accelex, a London, UK-based startup building a software solution for providing structured financial intel, announced completing a $5 million capital funding round.

The money was raised from investors co-led by Illuminate Financial and AlbionVC, with participation from Expon Capital and SixThirty Ventures.

This financing will accelerate the company’s global growth ambitions through further product development, client acquisition and support. Illuminate Financial and AlbionVC will join Accelex’ Board of Directors as part of this transaction.

Accelex, founded in 2018 and led by CEO Franck Vialaron, developed a software solution used for data acquisition, analytics, and reporting for investors and asset servicers. The tool is said to automate processes for extraction, analysis, and sharing of critical investment performance and transaction data.