San FranciscoInvestment technology company Jacobi Inc. secured USD $10 million Series A Funding Led by QIC
Funding will support the development of the Jacobi platform and the continued growth of its global investment management client basey.
SAN FRANCISCO, September 20, 2022 /CNW/ – Investment technology firm Jacobi Inc. has announced that it has raised 10 million US dollars in a Series A financing, 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).
Joining the Jacobi Inc Board of Directors will be Russell Crystal (IQC) 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 Award, MFS, LGIM and WTW. Its global client base now represents assets under management on US$7 trillion.
CEO and co-founder of Jacobi, Tony Mackenzie said: “We are proud to be backed by highly respected global investor QIC as we continue to grow our global business. Our valued client base includes some of the world’s leading asset managers, owners, investment consultants, RIAs and family offices. Each of these firms 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 each company’s investment strategy, including its capital market assumptions, data, risk drivers and optimization techniques, and combine that with dynamic visualization tools for better end-customer engagement.”
Director of CIQ, Russell Crystal 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 clientele. The asset management industry knows Widespread expansion 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.
For more information, visit www.jacobistrategies.com.
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 at San Franciscoand with offices at Australia and the UKJacobi is led by a team of world-class investment professionals and engineers.
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SOURCE Jacobi Inc.
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