Investment tech platform Jacobi raises $7.7m from Silicon Valley VCs
Summary
Founded in 2014 by investment professionals and technologists from Queensland, Jacobi is a cloud-based platform for multi-asset portfolio design, risk modelling, and client engagement. This is due to a greater focus on portfolio construction and risk which has largely come as a result of regulatory change,” said Jacobi co-founder Tony Mackenzie. He added that the company will now extend its focus to 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, in addition to facilities in Brisbane and San Francisco. The additional funding came more than two years after Jacobi raised $2.2 million in a seed round led by San Francisco-based venture capital firm 8VC.