Jacobi Secures Series A Funding to Scale Multi-Asset Investing Technology | Company

  • San Francisco-based investment technology firm Jacobi Inc. secured US$10 million Series A funding led by QIC
  • The funding will support the development of the Jacobi platform and the continued growth of its global investment management client base.

SAN FRANCISCO, Sept. 20, 2022 /PRNewswire/ — Investment technology company Jacobi Inc. announced that it has raised US$10 million in a 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 customer base globally.

QIC Joins Existing Jacobi Investors; Silicon Valley venture capital firms Illuminate Venture Partners, 8VC and Western Technology Investment (WTI).

Crystal Russell (QIC) and Bill Miller (Makena Capital) will join Jacobi Inc.’s board of directors.

Founded in 2014, Jacobi provides its technology to some of the world’s largest asset management companies, including T.Rowe Price, MFS, LGIM and WTW. Its global client base now represents assets under management of more than US$7 trillion.

Jacobi CEO and Co-Founder Tony Mackenzie said, “We are proud to be supported by highly respected global investor QIC as we continue to grow our global business. consultants, RIA and family offices. Each of these companies turned to Jacobi for flexible technology specifically designed for the multi-asset investor.”

Mackenzie added: “Our open architecture means we can configure our solution to suit each company’s investment strategy, including its financial market assumptions, data, risk engines and optimization techniques. and combine that with dynamic visualization tools for better end-customer engagement.”

QIC Director Crystal Russell said: “We are delighted to invest in Jacobi on behalf of the Queensland Business Investment Fund. Jacobi is a local success with an exceptional team, a world-class product and a top-notch global customer base. The asset management industry is undergoing widespread digitization with software tools enabling deeper portfolio analysis and increased client engagement. Jacobi’s product is proving to be an essential tool for some of the world’s most sophisticated asset managers.

Jacobi’s technology transforms investment processes from the front office to the end client, enabling portfolio design, analysis and client engagement. The cloud-based platform provides a suite of powerful and highly customizable tools for designing, managing and visualizing multi-asset portfolios.

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About Jacobi

Jacobi Strategies (Jacobi) provides cloud-based technology to support the design and management of multi-asset portfolios at scale, streamlining investment workflows and enabling dynamic client engagement. Jacobi’s open architecture means the platform is highly flexible with users able to integrate their own models, data, analytics and code. Jacobi provides its technology to leading global investment firms, including asset owners, asset managers, wealth managers and investment consultants. Based in San Francisco with offices in Australia and the UK, Jacobi is led by a team of world-class investment professionals and engineers.

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SOURCE Jacobi Inc.

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