JPMorgan Shuts Down Capital Connect Platform for Startups and VCs

Discover top fintech news and events!

Subscribe to FinTech Weekly’s newsletter

Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more

Venture Platform Quietly Taken Offline as Strategy Shifts

JPMorgan Chase has shut down Capital Connect, the startup-focused platform it launched in 2022 to help founders build investor relationships and raise capital. The decision, made quietly late last year, marks a shift in how the global bank engages with the venture capital ecosystem.

Capital Connect was introduced as a digital bridge between early-stage startups and venture investors, offering tools for dealmaking, data benchmarking, and even secondary share trading. A dedicated team of 125 people was assembled to run the platform, under the leadership of Michael Elanjian, head of digital investment banking and digital private markets at JPMorgan.

Despite this investment, the initiative was discontinued after roughly a year in operation. According to reports, the website has been taken offline and internal resources have been redirected. JPMorgan now plans to maintain its relationships with venture capital firms through its traditional banking channels rather than through a standalone tech platform.

Tech Stack to Be Reused in Future Project

While the Capital Connect platform itself is no longer active, JPMorgan is not shelving the underlying infrastructure. The technology is expected to be repurposed for a different business application, with more details to be announced in the coming months.

For the bank, the closure reflects a broader recalibration of digital product efforts in a space where institutional players continue to seek the right balance between innovation and core operations. Although the initiative targeted a key intersection of fintech, capital markets, and startup financing, the move suggests JPMorgan is pivoting toward more integrated approaches within its established business lines.