Investment technology firm Jacobi secures $10 million Series A funding
Source: Jacobi
Investment technology firm Jacobi Inc. has announced it has raised $10m USD in Series A funding, led by Queensland Investment Corporation (QIC)
Jacobi Inc. (Jacobi) will use 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 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 have looked to Jacobi for flexible technology that is purpose built for the multi-asset investor.
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