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 $232m after that round, according to Pitchbook. JPMorgan decided to buy Aumni after leading its 2021 investment round. Founded in 2018 by Tony Lewis, a former corporate lawyer, Aumni is a data platform that helps users analyze and understand their holdings via a simple dashboard.
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JPMorgan Chase buys data platform for startups in push to serve venture capital investors
“The moment you want to start performing any type of data science inquiries into your existing investment activity, it becomes a really large undertaking to track down that information accurately, put it into Excel and perform the work,” Lewis told CNBC over Zoom.
