Investment platform Jacobi closes AUD $11m investment

Cloud-based investment platform Jacobi has closed a funding round on AUD $11m ($7.6m) from several US investors.

Silicon Valley-based venture capital firms led the investment including Illuminate Venture Partners, 8VC and Credit Ease Venture Fund.

Funds from the round will be used to support the development of the platform and expansion into new markets. The company is increasing its focus on the European market having signed various large institutional managers, it said.

Jacobi is a cloud-based platform for investment portfolio design and engagement for institutional investors. Dynamic modelling and analytics tools help users to design and analyse objectives-based portfolios, improve decision making and perform bespoke, forward-looking and historical analysis.

Its platform also supports customisation to create personalised investment solutions, and the scaling of storyboard templates and analysis across the organisation.

The WealthTech represents a combined asset under management of AUD $1.5 trillion ($1 trillion) and has clients including sovereign wealth funds, retirement funds, asset and wealth managers and investment consultants.

Jacobi co-founder Tony Mackenzie said, “Jacobi’s global client base continues to grow at a fast pace. This is due to a greater focus on portfolio construction and risk which has largely come as a result of regulatory change. Investors are now more focused on asset allocation and client outcomes than ever before, and they require flexible technology that is purpose built for the multi-asset investor.”

The company recently launched its London office and is currently building others in Brisbane and San Francisco.

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