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We consent to the references to our firm in the Registration Statement on Form N-1A of the Jacob Funds and to the use of our report dated October 29, 2021 on the financial statements and financial highlights of Jacob Internet Fund, Jacob Small Cap Growth Fund, Jacob Discovery Fund, and Jacob Forward ETF, each a series of shares of beneficial interest in Jacob Funds. Such financial statements and financial highlights appear in the August 31, 2021 Annual Report to Shareholders which is incorporated by reference into the Statement of Additional Information.