JPMorgan Invests in Investment Analytics Platform Aumni

Aumni, the US-based investment analytics firm, recently announced that the company has secured $50 million in a Series B investment round led by JPMorgan. The company is planning to expand its offerings through the latest funds.

In an official announcement, Aumni mentioned that Pelion Venture Partners, the Utah-based venture capital firm, participated in the latest $50 million investment round alongside other new investors, WndrCo, Citadel Securities, Invesco Private Capital, Vanderbilt University and Kera Capital.

The latest announcement about the participation of JPMorgan in Aumni’s funding round came nearly 10 days after the financial services giant joined the Series D funding round of financial technology firm, Plaid.

“Our strategic investment in Aumni will allow the company to continue to capitalize on its impressive growth trajectory, unlocking data insights that have historically remained inaccessible in the private markets,” Michael Elanjian, Head of Digital Innovation, Corporate & Investment Bank at JPMorgan, commented on the latest funding round of Aumni.

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In 2020, Aumni raised $10 million in the Series A funding round led by SVB Financial Group, the parent company of Silicon Valley Bank. Since then, the company saw a substantial jump in the adoption of its investment data analytics platform.

Private Capital Markets

In the recent announcement, Aumni outlined that the main focus of the company is to use the latest funds to deepen its presence with investors in the private capital markets and expand its offering to limited partners, law firms, and company founders.

“When we launched Aumni four years ago, we understood that access to structured data in the private capital markets simply did not exist at scale. Today, Aumni remains the only analytics solution able to correctly model the legal and economic foundation of these transactions,” said Tony Lewis, CEO and Co-Founder of Aumni. “We are excited to add J.P. Morgan and Pelion Venture Partners as investors as we continue building products that operate at the intersection of fintech and legal tech to transform the future of the private capital markets.”