JPMorgan has signed a definitive agreement to acquire Aumni, a provider of investment analytics software for the venture capital industry, for an undisclosed sum.
Established in 2018, Aumni has developed a cloud-based, global technology platform that offers portfolio monitoring and market analytics to private market investors.
Its unique data analytics engine is designed to structure, track and analyse essential legal and economic terms behind private market transactions.
The company has a diverse client base of more than 300 institutions, ranging from start-ups in the venture capital industry to large-multinational asset managers.
The transaction is expected to be completed in the first half of 2023.
JPMorgan digital investment banking head and digital private markets head Michael Elanjian said: “We’re thrilled to see this collaboration come to fruition as JPMorgan 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 JPMorgan is building for companies and investors in both growth and later-stage private markets.”
JPMorgan said that the acquisition of Aumni supports the goal of creating a private markets platform for companies, their employees, and investors in the venture-backed ecosystem.
Also, the acquisition complements its recent launch of the members-only digital platform ‘Capital Connect by JPMorgan’ and the acquisition of Irish fintech company Global Shares.
Through continued investment in Aumni and other private market assets, the company is positioned to deliver an advanced suite of solutions to the private markets.
JPMorgan Securities served as a financial advisor and Sullivan & Cromwell as legal counsel to JPMorgan, while DLA Piper served as legal counsel to Aumni on the transaction.
Aumni CEO Tony Lewis said “We are excited to partner with JPMorgan, expediting the realisation 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.”
