JPMorgan Shutters Aumni, Leaving 300+ VC Firms Seeking New Portfolio Monitoring; Standard Metrics Endorsed by 8VC

JPMorgan Chase & Co. has announced the global discontinuation of services for Aumni, its venture capital investment analytics platform, effective in late 2025. This decision, following Aumni's acquisition by JPMorgan in March 2023, has created a significant market void, prompting prominent venture capitalists to recommend alternative solutions. Joe Lonsdale, Managing Partner at 8VC, publicly endorsed Standard Metrics as a potential partner for the more than 300 institutions previously served by Aumni.

Aumni, founded in 2018, was acquired by JPMorgan for an undisclosed sum to bolster its private markets platform, having evaluated over $600 billion in invested capital across more than 17,000 private companies. Despite this strategic acquisition, JPMorgan cited a routine review of its product offerings as the reason for the shutdown. The closure impacts operations globally, including approximately 250 employees in the Philippines, as the bank stated its decision to "discontinue Aumni’s services globally."

In response to this market development, Joe Lonsdale highlighted Standard Metrics, a company co-founded by John Borchardt and Joel Ifill, as a robust alternative. 8VC played a pivotal role in the early development of Standard Metrics, co-founding, seeding, and leading its Series A funding round. The platform was designed to address inefficiencies in portfolio management and performance tracking within the venture capital ecosystem.

Lonsdale specifically praised the team behind Standard Metrics, stating in a recent social media post:

"Respect to the Aumni team for what they built. We helped John and team design Standard Metrics based on our needs at @8VC, and it’s now used by 100s of peer firms. The SM platform would be a great partner for any Aumni customers looking for a new portfolio monitoring provider." Standard Metrics has since grown significantly, now serving over 100 investment firms and more than 7,000 companies with its automated data collection, analytics, and reporting capabilities.

The cessation of Aumni's services leaves a notable gap in the competitive landscape of venture capital analytics, particularly for firms reliant on its data structuring and portfolio monitoring solutions. Standard Metrics, with its established platform and strong endorsement from influential figures like Lonsdale, is strategically positioned to attract venture capital firms seeking reliable and efficient tools in this evolving market. The company emphasizes its ability to provide a centralized and standardized approach to financial data, enhancing transparency and insights for investors.