- J.P. Morgan is buying funding analytics instrument Aumni.
- Whereas phrases of the deal are undisclosed, CNBC studies that J.P. Morgan pays round $232 million for Aumni.
- J.P. Morgan expects the purchase will bolster its non-public markets platform for firms, their workers, and buyers.
J.P. Morgan has agreed to accumulate Aumni, an funding analytics instrument for personal capital markets. Introduced at this time, the deal is predicted to shut within the first half of this yr. Whereas monetary phrases of the deal are undisclosed, CNBC studies the deal might be valued at $232 million.
Aumni’s funding analytics platform leverages AI to extract and analyze deal information buried in authorized agreements. The corporate serves 300 establishments, together with enterprise capitalists, household workplaces, and college endowments helps companies compile funding information studies, facilitate restricted accomplice reporting, establish co-investors, generate fairness financing summaries for every funding of their portfolio, and extra.
Based in 2018, the corporate has evaluated greater than $600 billion in capital throughout greater than 17,000 non-public firms. Aumni counts names comparable to Sapphire Ventures, Khosla Ventures, and Berkeley Regulation amongst its shoppers.
“We’re thrilled to see this collaboration come to fruition as J.P. Morgan first invested in Aumni in 2021 and shortly realized shared synergies of offering extra transparency to the non-public markets,” stated J.P. Morgan Head of Digital Funding Banking, Head of Digital Personal Markets Michael Elanjian. “Aumni’s market-leading information structuring and portfolio monitoring options, mixed with the capital elevating and cap desk administration providers of Capital Join and World Shares, additional enhances the ecosystem of digital options that J.P. Morgan is constructing for firms and buyers in each progress and later-stage non-public markets.”
J.P. Morgan expects the purchase will bolster its non-public markets platform for firms, their workers, and buyers. Additionally contributing to the mission of constructing a non-public markets platform are the agency’s launch of Capital Join, a match-making platform that connects entrepreneurs with enterprise capitalists and restricted companions; and its acquisition of share plan administration software program firm World Shares.
“Collectively, we will create a best-in-class suite of providers for personal market members, enhancing the expertise for all present and future shoppers,” stated Aumni CEO Tony Lewis. Aumni will keep its headquarters location in Utah and can proceed to serve its present consumer base.
Picture by Yash Savla on Unsplash
