JP Morgan to acquire VC data analytics company Aumni

• Aumni said it has evaluated more than $600bn in invested capital across more than 17,000 private companies since its founding in 2018
• The company’s backers include JP Morgan, Pelion Venture Partners, Invesco Private Capital, DLA Piper, Next Frontier Capital, Kickstart Fund and First Trust Capital Partners
• CNBC reports JP Morgan is paying around $230m for the company

JP Morgan has agreed to acquire Salt Lake City-based Aumni, a provider of investment analytics software to the venture capital industry. The deal is expected to close in the first half of 2023.

No financial terms were disclosed, but CNBC reported that JP Morgan will pay about $230 million, which was the valuation assigned when Aumni last raised money in 2021.

In addition to JP Morgan, Aumni’s backers included Pelion Venture Partners, Invesco Private Capital,, DLA Piper, Next Frontier Capital, Kickstart Fund and First Trust Capital Partners.

Founded in 2018, Aumni has evaluated more than $600 billion in invested capital across more than 17,000 private companies.

“We’re thrilled to see this collaboration come to fruition as JP Morgan first invested in Aumni in 2021 and quickly realized shared synergies of providing more transparency to the private markets,” Michael Elanjian, head of digital private markets for JP Morgan, said in a statement. “Aumni’s market-leading data structuring and portfolio monitoring solutions, combined with the capital raising and cap table management services of 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.”

JP Morgan was advised by JP Morgan Securities, LLC as financial advisor and Sullivan & Cromwell LLP as legal counsel. Aumni was advised by DLA Piper LLP as legal counsel.

Currently, JP Morgan’s corporate and investment bank has $28.6 trillion of assets under custody and $649.7 billion in deposits.