VentureCapital.Gold

J.P. Morgan Innovation Economy

The largest US bank's full-court press on venture banking.

Fund FinanceFirmGlobal
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Target market
Venture funds and startups from seed through IPO
Geography
Global

Overview

J.P. Morgan built a dedicated Innovation Economy business inside its commercial bank and expanded it aggressively after SVB's collapse — hiring scores of veteran startup and fund bankers and acquiring First Republic in May 2023. For fund managers it offers capital-call lines, management-company banking and startup coverage with the largest balance sheet in US banking behind it.

Key facts

  • Named the innovation economy a firmwide strategic priority
  • Hired scores of former SVB and First Republic bankers in 2023
  • Acquired First Republic Bank in May 2023
  • Fund banking backed by the largest US bank balance sheet

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