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Fortune
Fortune
Luisa Beltran

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

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(Credit: Courtesy of Win McNamee/Getty Images)

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 to deepen its relationship to VC investors, similar to how Silicon Valley Bank (SVB) had deep ties to the venture community.

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