JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan Chase has shut down its fundraising platform Capital Connect more than two years after launching the unit, four people familiar with the situation said. The bank chose to discontinue the service late in 2024, and quietly pulled the plug on the Capital Connect website soon after. JPMorgan launched Capital Connect in late 2022 as a platform to help entrepreneurs connect with venture capital firms. For JPMorgan, Capital Connect was a way t…

JPMorgan Shuts Down Capital Connect: A Shift in Startup Investment Strategy JPMorgan Shuts Down Capital Connect: A Shift in Startup Investment Strategy

JPMorgan Chase discontinues Capital Connect, refocusing its venture capital engagement strategy Highlights: Capital Connect Closure: JPMorgan Chase has shut down Capital Connect, a platform launched in 2022 to connect startups with venture capital investors. Strategic Shift: The bank will now focus on strengthening ties with the VC community through existing banking relationships. Future Plans: The infrastructure of Capital Connect is being rep…

JPMorganChase quietly closed its fundraising platform Capital Connect

A representative for the bank said JPMorganChase is still dedicated to venture capital investors and new businesses.