Michael Elanjian, head of digital innovation, Corporate & Investment Bank JP Morgan, said this:
Our strategic investment in Aumni will allow the company to continue to leverage its impressive growth trajectory, unlocking data information that has historically been inaccessible to private markets.
Aumni said he will use the money raised to consolidate his presence with investors in private capital markets and expand his services to law firms, limited partners and business founders.
The U.S.-based investment analysis firm was founded by former corporate lawyers Tony Lewis and Kelsey Chase before launching its flagship product in 2018. The company has analyzed more than 100,000 investment transactions since then. Aumni raised $ 10 million in 2020 through a Series A funding round led by SVB Financial.
Tony Lewis, CEO and co-founder of Aumni, commented:
When we launched Aumni four years ago, we understood that access to structured data in private capital markets simply did not exist on a scale. Today, Aumni remains the only analytical solution capable of properly modeling the legal and economic foundations of these transactions. We are pleased to add JP Morgan and Pelion Venture Partners as investors as we continue to build products that operate at the intersection of fintech and legaltech to transform the future of the private equity markets.
JP Morgan’s investment in Aumni doesn’t come long after the company joined the D-Series financing round of fintech firm Plaid.
The post JP Morgan leads $ 50 million investment in Analytics firm Aumni.
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