18 days ago • Posted by William Ramstein

JPMorgan leads funding round of Aumni, a wealthtech startup

The raise highlights JPMorgan’s interest in financial analytics tools that digitally enhance its capital markets investing. Aumni lets clients, including venture funds and family offices, access deeper insights into their private market investments. Its venture attorneys audit every document in clients’ portfolios while its proprietary AI platform analyzes hundreds of data points per closing set. It plans to use the funding to enter new customer segments, like company founders. These tools are set to become increasingly valuable for firms like JPMorgan that want to boost investor satisfaction as capital markets investing becomes increasingly popular. High-net-worth customers are expected to allocate an additional 5% of their wealth to private market assets—representing $1.5 trillion in AUM—by 2025, and institutional investors like pensions are also pouring into the private market. @emarketer.com