Aumni (J.P. Morgan) vs Carta
A side-by-side comparison of Aumni (J.P. Morgan) and Carta — two options for legal & compliance. Pricing, features, and honest pros and cons.
Category
Legal & Compliance
Cap Table & Equity
Rating
4.4 / 5
4.5 / 5
Pricing
Enterprise / Custom
Custom / Tiered
Best for
Funds with 30+ positions that need structured visibility into their rights and terms
GPs standardizing equity records and fund admin in one place
Key features
- AI plus attorney-reviewed extraction of deal terms from closing docs
- Fund-wide dashboards on preferences, pro rata, and ownership
- Term benchmarking against a large venture transaction dataset
- Waterfall-relevant data for valuations and exits
- Audit, tax, and LP reporting support
- Cap table management and share issuance
- 409A valuations
- Option grants, exercises and employee portals
- Fund administration with LP portal
- Scenario and waterfall modeling
Pros
- Solves the real problem that most funds cannot query their own deal terms
- Human-verified extraction accuracy suitable for audit workflows
- J.P. Morgan ownership brings staying power and data depth
- Network effect: your portcos are likely already on it
- Clean investor view of stakes across the portfolio
- Fund admin plus cap table in one vendor relationship
Cons
- Value scales with portfolio size — light for sub-20-position funds
- Enterprise pricing and sales cycle
- Now tied to the J.P. Morgan ecosystem, which some GPs weigh carefully
- Pricing has climbed steadily with market position
- Support quality varies with plan tier