Fox Williams has advised Accelex Technology Limited (“Accelex”) on their $5m seed fundraising round in order to accelerate the company’s global growth ambitions through further development, client acquisition and support. The seed round was co-led by Illuminate Financial and AlbionVC, with participation also from Expon Capital and SixThirty Ventures.
Accelex is a software provider to the financial services industry, automating processes for extraction, analysis, and sharing of critical investment performance and transaction data. The solution which Accelex provides has been developed to simplify the demanding workflow requirements of investors.
Partner Paul Taylor led the Fox Williams team on the seed fundraising round, supported by senior associate Sarah Carlton (corporate) and trainee solicitor Millie Pierce.
Paul Taylor, Fox Williams, said: “We were delighted to work with the Accelex team to help expand the company through a Seed Fundraising round. It was a pleasure to be advising Nicole, Michael, Franck and the team again as their business continues to thrive and we hope to be working with them in the near future.”
Franck Vialaron, CEO of Accelex, said: “Fox Williams provided an essential role in co-ordinating the investments and dealing with the law firms engaged by the various investors. The firm knows Accelex well having advised on numerous other matters including its first customer contract and also the issue of shares to key participants. Fox Williams’ understanding of the back story of the business and its key strategic goals were essential to the successful conclusion of the investments.”