JPMorgan will acquire Utah-based fintech platform Aumni, which provides data analytics tools to venture capital investors.
The
terms of the deal weren't disclosed, but an unidentified source told
CNBC that JPMorgan will acquire Aumni for around $232M — the company's
estimated valuation from its last fundraising round in 2021.
- Aumni
was founded in 2018 by Tony Lewis, a former corporate lawyer, to create
a data platform where venture capital investors can analyze their
holdings.
- It provides investors with a platform that is
purportedly more effective than Microsoft Excel, which is commonly used
to keep track of investments.
- The Aumni platform (with data on
nearly 18,000 portfolio companies valued at ~$3.6T) will be integrated
into JPMorgan's Capital Connect private markets platform, which was released from stealth mode by the bank last year.
- Michael
Elanjian, JPMorgan's digital private markets lead, said the acquisition
fits the bank's goal of becoming "the end-to-end ecosystem provider to
the venture community and the private markets."
