JPMorgan Chase has launched a new platform called Capital Connect, designed to help startups connect with venture capital investors, as reported by Reuters.
Currently operational, the platform enables founders to create a network of investors, access benchmarking data, raise capital, and even trade shares on a secondary market. JPMorgan has assembled a team of 125 professionals for this initiative, headed by Michael Elanjian, the bank’s leader in digital investment banking and digital private markets.
Elanjian shared with Reuters, “We believe we can differentiate ourselves in the venture market by building a scalable digital platform, paired with the expertise, data, and relationships of our investment and private bank.”