Capital Connect is a medium that JPMorgan Chase & Co. is introducing with the goal of connecting company entrepreneurs with venture capital investors to streamline the fundraising process.
The new platform, which marks the goal of the largest US bank by assets to further grow into the private sector and develop a founder-friendly brand in Silicon Valley, focuses on meeting the funding needs of companies from their early stages.
The new team, which has grown from three to 125 individuals over the past two years, is led by Michael Elanjian, head of digital investment banking and digital private markets at JPMorgan.
Startup CEOs may create virtual data rooms on Capital Connect, request introductions to investors, and perhaps exchange their firm shares on a secondary market. As early as the Series A round, they can utilise the website to solicit money.
“The expansion of private capital has been a secular trend over the past ten years, and the private market is here to stay. We aim to serve investors and enterprises of all sizes as the one-stop shop for everything private “ in an interview, Elanjian added.
The necessity to meet the fundraising requirements of founders and investors has driven banks to establish connections early as the scale of venture capital-backed firms has grown over the past several years.
Banks with a focus on VC-backed firms, like Goldman Sachs, Silicon Valley Bank, and fintech players like Carta, have expanded their services into the private sector.
According to Elanjian, the platform will benefit from JPMorgan’s expertise as a full-service bank.
By developing a scalable digital platform and combining it with the knowledge, information, and connections of our investment and private bank, we think we can stand out in the venture market, according to Elanjian.
According to Elanjian, Capital Connect might serve as a springboard for the digitalization of other businesses, including investment banking, which generated billions in fees from high-profile IPOs and M&A transactions.
JPMorgan Chase & Co. is a multinational investment bank and financial services holding company of American and it’s headquartered situated in New York City and incorporated in Delaware.
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