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Investment tech startup Jacobi raises A$11m

Investment tech startup Jacobi raises A$11m

Australian investment technology platform Jacobi is targeting the UK after securing $11 million in funding from a group of Silicon Valley VCs.

Illuminate Venture Partners, 8VC and Credit Ease Venture Fund led the funding round for Jacobi, which has built a cloud-based platform for investment portfolio and design.

The startup claims sovereign wealth funds, retirement funds, asset and wealth managers and investment consultants with combined assets of over A$1.5 trillion among its clients.

The new funding will be used for a push into Europe from a new office in London.

Jacobi Co- Founder, Tony Mackenzie, co-founder, Jacobi, says: "We believe that investment technology needs to reflect the client’s investment approach, not the other way around.

"Jacobi’s solution allows clients to customise the platform, such as incorporating their own investment models, risk engines, forward projections and dashboard needs. This allows clients to scale and simplify their entire investment process."

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