Jacobi, a San Francisco, CA-based Investment technology firm, announced that it raised $10 million in Series A funding.
The round was led by Queensland Investment Corporation (QIC), joined by existing investors; Silicon Valley venture capital firms, Illuminate Venture Partners, 8VC, and Western Technology Investment (WTI).
Jacobi will use the funding to further accelerate the Jacobi platform's development and expand its team and clientele globally.
Crystal Russell (QIC) and Bill Miller (Makena Capital) are joining the board of Jacobi.
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 have looked to Jacobi for flexible technology that is purpose built for the multi-asset investor".
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 customizable suite of tools for designing, managing, and visualizing multi-asset portfolios.
Company: Jacobi Inc.
Round: Series A
Funding Month: September 2022
Lead Investors: Queensland Investment Corporation (QIC)
Additional Investors: Silicon Valley venture capital firms, Illuminate Venture Partners, 8VC, and Western Technology Investment (WTI)
Company Website: https://www.jacobistrategies.com/
Software Category: Investment Portfolio Management Software
About the company: Founded in 2014 by Tony Mackenzie, Tanya Bartolini, and Greg Knox, Jacobi is a B2B platform that helps institutional investors with asset risk management, modeling, and analytics. 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 models, data, analytics, and code. Jacobi provides its technology to top-tier global investment firms, including asset owners, asset managers, wealth managers, and investment consultants. Headquartered in San Francisco and with offices in Australia and the United Kingdom.