JPMorgan Bets on Plaid Months After Dimon’s Data Criticism
- AmEx’s venture-capital arm, a prior investor, also renewed bet
- Investment is part of previously announced fundraising round
Jamie Dimon
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
JPMorgan Chase & Co.’s asset-management arm invested in Plaid Inc., joining a fundraising round that previously valued the data company at $13.4 billion.
JPMorgan Private Capital Growth Equity Partners, along with American Express Co.’s venture-capital arm, invested as part of Plaid’s Series D fundraising round, the company said Tuesday. The round was originally announced in April and led by Altimeter Capital and Silver Lake Partners.