Aumni Extends Series A to Include Orrick, Donnelley Financial Solutions and DLA Piper in Response to Record 2020 Growth
Aumni, a leader in automated investment analytics for the private capital markets, announced an extension of its original $10M Series A round to a total of $13M in response to strong growth in 2020. The extension includes global strategic partners and industry innovators such as Donnelley Financial Solutions, DLA Piper and Orrick.
Despite the current economic climate, Aumni has experienced strong growth with a 300% increase in revenue and 200% increase in customers since the close of the original Series A in February of 2020. Also, in July 2020 Aumni formed a strategic partnership with the National Venture Capital Association to embed insights derived from the industry’s largest data set on venture deal term usage and frequency.
“The value of the insights that Aumni’s analytics solution is providing drives immense benefit to the private capital markets,” said John China, president of SVB Capital. “We are proud to be a part of Aumni’s growth story and are eager to see what they can accomplish in the future.”
Aumni’s rapid growth in the face of market challenges generated increased demand by the investor community, stoking an extension to its Series A that includes global leaders in innovation and strategy such as new investor, Orrick. A global law firm that services the technology and innovation, energy, infrastructure and finance sectors, Orrick has been named “Most Innovative Law Firm” by Financial Times for three years in a row.
“Aumni’s platform combines human intuition and A.I., drawing on the respective strengths of each to unlock data hidden in thousands of legal and financial documents,” said Mitch Zuklie, CEO and chairman of Orrick. “Their vision of democratizing these insights for the investor community is the kind of solution the market is craving and has the potential to add social value.”