iLex, a leading fintech developing the next-generation distribution platform for syndicated loans, today announced the addition of $2.5 million to its pre-Series A round.
This brings iLex’s total pre-Series A round to $7 million and total capital raised to date to $11 million. The investment will be used to advance its product roadmap, including the launch of a new primary syndication solution, and accelerate platform adoption in EMEA and APAC.
The round was supported by QBN Capital, Eileses Capital, and MI8, with participation from several successful capital market entrepreneurs, including Jean Maynier (co-founder of Kpler), Matthieu Delamaire (partner at Kartesia), and Jean-Philippe Malé (founder of BidFX).
“We are pleased to welcome a group of industry pioneers who have contributed to reshaping the capital markets landscape,” said Bertrand Billon, founder and CEO of iLex. “Their backing will enable us to build up our platform and deliver new solutions for both primary and secondary markets.”
Founded in 2020, iLex aims to digitise and modernise loan distribution in primary and secondary markets by offering a comprehensive and integrated suite of solutions encompassing deal workspaces, investor and market analytics, portfolio management, and private marketplaces.
iLex has since rolled out its platform to 30 of the top 50 leading bookrunners globally and has grown its network to more than 500 active loan desks globally.
The company recently appointed Sean Tai as Head of Business Development. Tai brings extensive experience in developing solutions for syndicated loans, having previously founded the widely adopted loan syndication platform Debtdomain.
"Eileses Capital focuses on funding companies with a proven product-market fit bringing innovative solutions to large markets. iLex’s next-generation loan platform offers new ways of distributing loans and delivers operational efficiencies to banks navigating challenging regulatory and market transformations. We are excited to support iLex’s vision and ambition to make loan capital markets more liquid, efficient, and transparent,” said Kishore Bopardikar, Managing Director of Eileses Capital and former President of Calypso Technology.
“We are happy to accompany the iLex team in this adventure. The company has built a remarkable system for loan syndication with a particular focus on innovation and user interface ergonomics. We have been impressed by the user feedback it receives and see a true need for a platform such as iLex’s to improve the access to and efficiency of the global loan market,” said Guillaume Dhamelincourt, Director at MI8 Limited.