JPMorgan Chase Injects Capital to J2 Ventures

J2 Ventures, a rapidly growing venture-capital firm, announced a strategic investment from JPMorgan Chase & Co. as the first veteran led VC fund selected to be a part of the bank's Project Spark Initiative, a national program aimed at providing capital to venture funds managed by emerging alternative managers that have served in the U.S. Military.

"As part of our Project Spark initiative, we are fully committed to the representation of diverse managers in the alternatives industry and we're excited to extend this to the Veteran VC community," said Jamie Kramer, Project Spark Investment Committee Chairwoman and head of Alternative Solutions Group at J.P. Morgan Asset Management. "The J2 Ventures team is a dynamic duo with a compelling combination of investment, operating, and niche sector expertise. We are excited to see their success."

The J.P. Morgan funding comes following a standout year for J2 Ventures, founded in 2020. The firm secured their first dedicated capital raise less than a year ago and currently manages ~$100M. J2 Ventures' focused mission is to invest in leading edge deep technology companies and help them scale in both the government and private sectors.

"We are proud to partner with J.P. Morgan and are thrilled by the confidence the organization has in our fund," said Alexander Harstrick, Co-Founder and Managing Partner at J2 Ventures. "We have been squarely focused on creating a fund that harnesses the power of technology to tackle global issues like disparities in healthcare, supply chain management and security. The support from J.P. Morgan signals an exciting path forward for J2."

(Source: Markets Media)