SAN FRANCISCO, 20 September 2022 – Investment technology company Jacobi Inc. announced that Queensland Investment Corporation led a USD 10 million Series A investment round for it (QIC).

The funds will be used by Jacobi Inc. (Jacobi) to expand its staff and clients globally and further accelerate the Jacobi platform’s development.

Silicon Valley venture capital firms Illuminate Venture Partners, 8VC, and Western Technology Investment have already invested in Jacobi; QIC has now joined them (WTI).

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

Since its founding in 2014, Jacobi has been supplying technology to some of the world’s most significant asset management companies, including T.Rowe Price, MFS, LGIM, and WTW. Over USD 7 trillion worth of assets is currently managed by its international clientele.

Tony Mackenzie, co-founder, and CEO of Jacobi, said: 

“As we continue to expand our global business, we are honored to have the support of the highly regarded international investor QIC. Some of the top asset managers, owners, investment consultants, RIAs, and family offices in the globe are among our esteemed clients. Each of these businesses has turned to Jacobi for adaptable technology that is designed with multi-asset investors in mind “.

For improved end-client involvement, Mackenzie continued:

 “Our open-architecture means we can adapt our solution to each firm’s particular investment strategy, including their capital market assumptions, data, risk engines, and optimization approaches.

Crystal Russell, the principal of QIC, said:

 “We are excited to contribute to the Queensland Business Investment Fund’s investment in Jacobi. Jacobi is a homegrown success with an outstanding team, a top-notch product, and a large international clientele. With software-driven tools that enable more in-depth portfolio analysis and more client involvement, the asset management business is undergoing widespread digitization. Some of the most experienced asset managers in the world are finding Jacobi’s product to be a vital tool.”

Jacobi’s technology makes portfolio design, analytics, and client engagement possible, improving front-office-to-end client investing operations. The cloud-based platform offers a robust and highly flexible set of tools for constructing, maintaining, and visualizing multi-asset portfolios.

More about the company:

To assist the construction and management of multi-asset portfolios at scale, Jacobi Strategies (Jacobi) offers cloud-based technology, automating investment procedures and enabling active client involvement. Because of Jacobi’s open architecture, customers may incorporate their models, data, analytics, and code, giving the platform a flexible feel. Top-tier international investment firms use Jacobi’s technologies, including asset owners, asset managers, wealth managers, and investment advisors. Jacobi is a technology company with its headquarters in San Francisco and operations in Australia and the United Kingdom. A group of expert investors and engineers lead the company.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


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