JP Morgan to Buy Investment Analytics Firm Aumni in Push to Court VCs

JP Morgan has struck a deal to buy Aumni, an investment analytics platform that provides the data infrastructure for private capital markets. Financial terms were not disclosed.

The acquisition, slated to close in the first half of 2023, comes after JP Morgan led a $50 million Series B for Aumni in 2021.

Aumni, which was founded in 2018 by Tony Lewis, has developed a proprietary platform that is capable of creating, tracking and examining legal and economic terms that support growth-stage private market deals.

The service will be integrated with JPMorgan’s private markets platform, Capital Connect, which came out of stealth mode last year. It also complements the bank’s acquisition last year of Global Shares, a software provider for managing employee stock plans.

JP Morgan is acquiring the 5-year-old Utah-based company as part of a broader push to deepen relationships with venture capital investors and their companies.

JP Morgan head of digital investment banking and head of digital private markets Michael Elanjian said, “We’re thrilled to see this collaboration come to fruition as J.P. Morgan first invested in Aumni in 2021 and quickly realized shared synergies of providing more transparency to the private markets.

Aumni has over 300 institutional clients and its software has been used to evaluate more than $600 billion in invested capital across 17,000-plus companies.