Vanderbilt University has thrown its weight behind the investment analytics provider as it prepares to expand its offering into new customer segments.
Aumni, a US-based investment analytics provider, raised $50m yesterday in a series B round backed by Vanderbilt University.
Investment bank JP Morgan led the round, while law firm DLA Piper, wealth manager Citadel’s market-making subsidiary Citadel Securities and financial services firm SVB Financial Group also took part.
WndrCo, Kera Capital, Pelion Venture Partners, Invesco Private Capital, Next Frontier Capital, Kickstart Fund, First Trust Capital Partners and Mercato Partners’ Prelude fund filled out the participants.
Aumni’s software uses artificial intelligence and automated analytics to give visibility into the economic and legal position of a given investment by analysing data from legal agreements.
The money will be used to expand Aumni’s reach in the private capital markets, as well as further develop its products for law firms, limited partners and founders.
The company closed its $13m series A round in October 2020 with a second tranche provided by financial compliance firm Donnelley Financial, DLA Piper and fellow law firm Orrick.
The $10m first tranche was led by SVB Financial Group in February 2020 and also featured Service Provider Capital, Kickstart Seed Fund, Prelude, Blackhorn Ventures and existing backers Next Frontier Capital, Quiet Ventures and Moneta Ventures, boosting its total funding to $13.7m.
– A version of this article first appeared on our sister site, Global Corporate Venturing.
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
