San Francisco, California, September 19, 2022 - Investment technology firm Jacobi Inc. has announced it has raised US$10 million in Series A funding, led by Queensland Investment Corporation (QIC).
Jacobi Inc. (Jacobi) will use the funding to further accelerate the development of the Jacobi platform and expand its team and clientele globally. QIC joins Jacobi’s existing investors; Silicon Valley venture capital firms, Illuminate Venture Partners, 8VC and Western Technology Investment (WTI).
Joining the board of Jacobi Inc will be Crystal Russell (QIC) and Bill Miller (Makena Capital).
Founded in 2014, Jacobi provides its technology to some of the world’s largest asset management firms including T.Rowe Price, MFS, LGIM and WTW. Its global client base now represents assets under management of over US$7 trillion.
Jacobi CEO and Co-Founder, Tony Mackenzie said: "We are proud to be backed by the highly respected global investor QIC as we continue to grow our global business. Our valued client base spans some of the world’s leading asset managers, owners, investment consultants, RIA’s and family offices. Each of these firms has looked to Jacobi for flexible technology that is purpose-built for the multi-asset investor”.
Mackenzie added: “Our open-architecture means we can configure our solution to each firm’s own investment strategy including their capital market assumptions, data, risk engines and optimisation techniques - and combine that with dynamic visualisation tools for better end-client engagement.”
QIC Principal, Crystal Russell said: “We are delighted to be investing in Jacobi on behalf of the Queensland Business Investment Fund. Jacobi is a home-grown success with an exceptional team, world-class products and a global blue-chip client base. The asset management industry is undergoing a widespread digitalisation with software-driven tools enabling more in-depth portfolio analysis and increased client engagement. Jacobi’s product is proving to be a critical tool for some of the world’s most sophisticated asset managers.”
Jacobi’s technology transforms front office-to-end-client investment processes enabling portfolio design, analytics, and client engagement. The cloud-based platform provides a powerful and highly customisable suite of tools for designing, managing and visualising multi-asset portfolios.
