MassMutual backs Accelex

London-based Accelex closed a $5 million funding round from several investors including MassMutual Ventures .

Founded in 2018, Accelex provides data acquisition, analytics and reporting solutions for alternative investors, enabling firms to access investment performance and transaction data. Its software automates processes for extraction, analysis and sharing of difficult-to-access unstructured data.

In addition to London, the company has offices in Paris, Luxembourg, New York, and Toronto.

“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 realize our vision of transforming how investors work with unstructured investment data through automation and analytics that drive greater insights while reducing operational costs.” – Franck Vialaron, Chief Executive at Accelex.

“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.” – Ryan Collins, Managing Director at MassMutual Ventures.