JP Morgan snaps up VC investment analytics software firm Aumni
JP Morgan Chase has acquired Aumni, a provider of investment analytics software for venture capital firms, for an undisclosed sum.
The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and investors.
The US multinational says the deal will complement its recent acquisition of Global Shares and the launch of its fundraising management platform Capital Connect, creating an “industry leading” private market offering.
Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyses essential legal and economic terms underpinning growth-stage private market transactions.
Aumni CEO Tony Lewis says the firm’s vision is “to bring more structure, transparency and liquidity to the historically opaque private markets”.
With a client base of more than 300 institutions ranging from emerging and established venture managers to leading, multinational asset managers, Aumni has evaluated more than $600 billion in invested capital across more than 17,000 private companies.
JP Morgan head of digital investment bank and head of digital private markets, Michael Elanjian, says Aumni’s data structuring and portfolio monitoring solutions, combined with the services provided by Capital Connect and Global Shares, “further enhances the ecosystem of digital solutions that JP Morgan is building for companies and investors in both growth and later-stage private markets”.