Accelex raised $5 million in a round backed by MassMutual Ventures, Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures

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 including MassMutual Ventures, Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures.

Proceeds will be used for fueling expansion plans through further product development, client acquisition and support.

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, as it automates processes for extraction, analysis and sharing of difficult-to-access unstructured data. The company is headquartered in London, with offices in Paris, Luxembourg, New York, and Toronto.

Accelex previously raised $5 million in 2021.