J.P. Morgan (NYSE: JPM) announced that it has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry.
Financial terms of the transaction “were not disclosed and closing is expected in the first half of 2023.”
Founded in 2018, Aumni’s proprietary data analytics engine “structures, tracks and analyzes essential legal and economic terms underpinning growth-stage private market transactions, placing critical portfolio investment terms within users’ easy reach.”
With a diverse client base of over 300 institutions ranging from emerging and established venture managers to leading, multinational asset managers, Aumni has “evaluated more than $600 billion in invested capital across more than 17,000 private companies.”
The strategic acquisition of Aumni solidifies J.P. Morgan’s commitment “to building the leading private markets platform for companies, their employees and investors, as well as its confidence in the resilience of the venture-backed ecosystem.”
Aumni also “complements the recent launch of Capital Connect by J.P. Morgan and the acquisition of Global Shares.”
Through continued investment in Aumni, and its other private market assets, J.P. Morgan is positioned “to deliver an industry-leading suite of innovative solutions to the private markets.”
Michael Elanjian, Head of Digital Investment Banking, Head of Digital Private Markets, J.P. Morgan, 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’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 J.P. Morgan is building for companies and investors in both growth and later-stage private markets.”
Tony Lewis, CEO, Aumni, said:
“We are excited to partner with J.P. Morgan, expediting the realization of our vision to bring more structure, transparency and liquidity to the historically opaque private markets. Together, we can create a best-in-class suite of services for private market participants, enhancing the experience for all current and future clients.”
Aumni remains committed “to enhancing services to their clients, and will continue to be headquartered in Salt Lake City, Utah.”
J.P. Morgan was “advised by J.P. Morgan Securities, LLC as financial advisor and Sullivan & Cromwell LLP as legal counsel.”
Aumni was “advised by DLA Piper LLP as legal counsel.”
