Investment analytics platform Aumni, which provides the data infrastructure for private capital markets, has raised $50m in Series B funding round.
The funding was led by JP Morgan with participation from Pelion Venture Partners and new investors including WndrCo, Citadel Securities, and Invesco Private Capital.
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Existing investor DLA Piper, SVB Financial Group, Kickstart Fund, Next Frontier Capital, First Trust Capital Partners and Prelude also joined the round.
Leveraging AI and human expertise, Aumni platform extracts and analyses critical deal data in legal agreements.
It offers insights on financial and legal position of the investors, enabling them to make informed decisions.
The platform, which claims to have analysed over 100,000 investment transactions since 2018, also tracks critical provisions such as portfolio performance and emerging investment patterns.
Aumni said that the latest capital infusion will support the plan to ramp up its presence amongst investors in the private capital markets.
It will also help the platform to extend its offering to limited partners, law firms and company founders.
Aumni CEO and co-founder Tony Lewis said: “We are excited to add JP Morgan and Pelion Venture Partners as investors as we continue building products that operate at the intersection of fintech and legaltech to transform the future of the private capital markets.”
JP Morgan head of digital innovation, corporate and investment bank Michael Elanjian said: “Our strategic investment in Aumni will allow the company to continue to capitalise on its impressive growth trajectory, unlocking data insights that have historically remained inaccessible in the private markets.”
