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…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.