Investment analytics platform Aumni has closed its Series B round on $50m to help it increase its customer base.
JP Morgan acted as the lead investor, with commitments also coming from Pelion Venture Partners and first time Aumni backers WndrCo, Citadel Securities, Invesco Private Capital, Vanderbilt University and Kera Capital.
Capital from the round will be used to deepen its presence with investors in the private capital markets and expand its offering to limited partners, law firms and company founders.
The FinTech company launched its flagship product in 2018 to help unlock, structure and analyse untapped data in private portfolios. Through this, it hopes to track critical provisions, including key investment rights, portfolio performance and emerging investment patterns, supplying customers with deeper insights.
Since the product launched, it has analysed over 100,000 investment transactions.
Aumni CEO and co-founder Tony Lewis said, “When we launched Aumni four years ago, we understood that access to structured data in the private capital markets simply did not exist at scale. Today, Aumni remains the only analytics solution able to correctly model the legal and economic foundation of these transactions.
“We are excited to add J.P. 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.”
The FinTech company previously raised $10m in its Series A round back in 2020, which was led by SVB Financial Group.
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