Jacobi Strategies is a San Francisco-based investment technology company that raised $10M in Series A funding.
Queensland Investment Corporation (QIC) led the round, which also included existing investors Illuminate Venture Partners (8VC), Western Technology Investment (WTI) and Western Technology Investment (WTI). Crystal Russell (QIC) and Bill Miller (Makena Capital) will join the Jacobi Inc board.
The company plans to use the funds for further development and expansion of its clientele and team globally.
Tony Mackenzie, the CEO, leads Jacobi Strategies. The company provides cloud-based technology that supports large-scale design and management of multi-asset portfolios. It streamlines investment workflows and allows for dynamic client engagement. The company was founded in 2014 and provides technology to some of the largest asset management companies worldwide, including T.Rowe Price (MFS), LGIM, LGIM, WTW, and MFS. The company’s global client base currently manages assets worth more than US$7 trillion.
The company has also established offices in Australia, and the United Kingdom.