JPMorgan Chase is acquiring a data analytics provider for startup investors called Aumni, CNBC is first to report.
The biggest U.S. bank by assets is buying the 5-year-old Utah-based company as part of a broader push to deepen relationships with venture capital investors and their companies, according to Michael Elanjian, who leads JPMorgan’s digital private markets efforts.
While terms of the deal weren’t disclosed, JPMorgan is paying roughly what the startup was valued for at its last fundraising in 2021, according to a source. Aumni was worth $232 million after that round, according to PitchBook.
Source : JPMorgan Chase purchases data platform to better serve startup market and venture capital investors