JP Morgan led a $ 50 million Series B financing round for capital markets data infrastructure and investment analysis provider Aumni.
The investment bank joined other new investors in raising funds, including Citadel Securities as well as Pelion Venture Partners, WndrCo,, Invesco Private Capital, Vanderbilt University and Kera Capital.
Existing investors from the platform SVB Financial Group, DLA Piper, Next Frontier Capital, Kickstart Fund, First Trust Capital Partners and Prelude also took part in the financing round.
“Our strategic investment in Aumni will enable the company to continue to benefit from its impressive growth trajectory,” said Michael Elanjian, Head of Digital Innovation, Corporate and Investment Bank at JP Morgan.
Launched in 2018, Aumni analyzes data to track key investment rights, performance and new investment patterns across portfolios. According to its own information, Aumni has analyzed over 100,000 investment transactions since the launch of its flagship platform.
“Strengthening the infrastructure for the systematic collection of critical private corporate data will help bring transparency and liquidity to these markets and benefit the economy as a whole,” added Jamil Nazarali, global head of business development at Citadel Securities.
Data platforms have continued to raise significant capital from large institutions in recent years as the importance of data analysis and control continues to grow in the markets.
The US-based market data specialist MayStreet raised US $ 21 million in a financing round led by NEXT investors from Credit Suisse Asset Management last year to advance its product development and globalize its market data infrastructure platform across all asset classes.
JP Morgan also further expanded its own buy-side data platform in May earlier this year through a partnership with TradingHub that will add a tool to help companies evaluate execution costs.