JPMorgan is buying an analytics platform that caters to venture capital firms in its bid to get closer to the startup ecosystem.
JPMorgan wants to deepen its relationships with venture capital investors and their portfolio companies, allowing it to offer them services “from inception through to IPO.”
JPMorgan wants to be a one-stop shop for private companies and their investors.
The bank is buying Aumni, a Utah-based analytics startup that helps its VC users replace Excel by making it easy to track and analyze their holdings in a given company.
JPMorgan’s purchase follows the collapse of Silicon Valley Bank, which also catered to the startup world, though its relationship with Aumni stems back to 2021, when JPMorgan led the firm’s $50 million funding round.
Aumni will be integrated into Capital Connect, the platform JPMorgan launched late last year that simplifies the funding process for startups and strengthens JPMorgan’s connections with young venture-backed companies.
All told, JPMorgan has made dozens of deals since 2020, with a particular focus on consumer-facing technology or fintech.