Jacobi, Inc., a San Francisco, California and Brisbane, Queensland, Australia-based investment technology platform, raised $7.7M USD ($11m AUD) in funding.
The round was led by Illuminate Venture Partners, 8VC and Credit Ease Venture Fund.
The company intends to use the funds for further development of the platform and expansion into the European market after signing a number of large institutional investment managers. The capital raise also coincides with the launch of Jacobi’s office in London, building on locations in Brisbane and San Francisco.
Founded in 2014 by former QIC executive Tony Mackenzie, Tanya Bartolini and Greg Knox, Jacobi is a cloud-based technology platform for investment portfolio design and engagement.
The company has a global clientele in Australia, North America, Asia and Europe, representing combined assets under management of over $A1.5 trillion. Clients are some of the largest and most forward-thinking multi-asset managers, private client Advisers, multi-family offices, consultants, and pension and superannuation funds.