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          <ccc>XXXXXXXX</ccc>
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        <classId>C000119839</classId>
        <classId>C000119838</classId>
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      <regName>Jacob Funds Inc.</regName>
      <regFileNumber>811-09447</regFileNumber>
      <regCik>0001090372</regCik>
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      <regStreet1>727 2nd Street</regStreet1>
      <regStreet2>#106</regStreet2>
      <regCity>Hermosa Beach</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>90254</regZipOrPostalCode>
      <regPhone>424-237-2164</regPhone>
      <seriesName>Jacob Discovery Fund</seriesName>
      <seriesId>S000038991</seriesId>
      <seriesLei>5493000WWZH4O2SJD714</seriesLei>
      <repPdEnd>2026-08-31</repPdEnd>
      <repPdDate>2026-02-28</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>2164941.520000000000</totLiabs>
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        <name>DouYu International Holdings L</name>
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      <invstOrSec>
        <name>Energous Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Esperion Therapeutics Inc</name>
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        <name>First American Government Obli</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Ideaya Biosciences Inc</name>
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        <title>Ideaya Biosciences Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Identiv Inc</name>
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        <title>Identiv Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Immersion Corp</name>
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        <title>Immersion Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Inogen Inc</name>
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        <title>Inogen Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Inspired Entertainment Inc</name>
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        <title>Inspired Entertainment Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>IZEA Worldwide Inc</name>
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        <title>IZEA Worldwide Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lightwave Logic Inc</name>
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        <title>Lightwave Logic Inc</title>
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        <name>Nextdoor Holdings Inc</name>
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        <title>Nextdoor Holdings Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Omeros Corp</name>
        <lei>549300CJWLXX2MXVVV71</lei>
        <title>Omeros Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ReposiTrak Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <other otherDesc="USER DEFINED" value="784ESC014"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Solitario Resources Corp</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tela Bio Inc</name>
        <lei>N/A</lei>
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          <isin value="US8723811084"/>
          <ticker value="TELA"/>
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        <name>Freightos Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Usio Inc</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WM Technology Inc</name>
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        <title>WM Technology Inc</title>
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          <isin value="US92971A1097"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western Copper &amp; Gold Corp</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Zhihu Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphatec Holdings Inc</name>
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        <title>Alphatec Holdings Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arcturus Therapeutics Holdings</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Atomera Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BED BATH &amp; BEYOND INC</name>
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        <name>Cabaletta Bio Inc</name>
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        <name>Cantaloupe Inc</name>
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        <name>CareDx Inc</name>
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        <name>Celcuity Inc</name>
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        <name>Azimut Exploration Inc</name>
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        <name>Bed Bath &amp; Beyond Inc</name>
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        <name>Cartesian Therapeutics Inc</name>
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        <name>Blue Ant Media Corp</name>
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        <name>Cerus Corp</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Codexis Inc</name>
        <lei>N/A</lei>
        <title>Codexis Inc</title>
        <cusip>192005106</cusip>
        <identifiers>
          <isin value="US1920051067"/>
          <ticker value="CDXS"/>
        </identifiers>
        <balance>136875.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138243.750000000000</valUSD>
        <pctVal>0.8446338951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>comScore Inc</name>
        <lei>N/A</lei>
        <title>comScore Inc</title>
        <cusip>20564W204</cusip>
        <identifiers>
          <isin value="US20564W2044"/>
          <ticker value="SCOR"/>
        </identifiers>
        <balance>61805.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>420892.050000000000</valUSD>
        <pctVal>2.5715425950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CreditRiskMonitor.com Inc</name>
        <lei>N/A</lei>
        <title>CreditRiskMonitor.com Inc</title>
        <cusip>225426105</cusip>
        <identifiers>
          <isin value="US2254261058"/>
          <ticker value="CRMZ"/>
        </identifiers>
        <balance>66200.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156232.000000000000</valUSD>
        <pctVal>0.9545374941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Porch Group Inc</name>
        <lei>549300NXEI7CVW8IXQ90</lei>
        <title>Porch Group Inc</title>
        <cusip>733245104</cusip>
        <identifiers>
          <isin value="US7332451043"/>
          <ticker value="PRCH"/>
        </identifiers>
        <balance>73550.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>603845.500000000000</valUSD>
        <pctVal>3.6893413027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Powerfleet Inc NJ</name>
        <lei>2549007NKEFPYEH4MF81</lei>
        <title>Powerfleet Inc NJ</title>
        <cusip>73931J109</cusip>
        <identifiers>
          <isin value="US73931J1097"/>
          <ticker value="AIOT"/>
        </identifiers>
        <balance>156121.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>557351.970000000000</valUSD>
        <pctVal>3.4052777458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Precision BioSciences Inc</name>
        <lei>549300I5QGRS3BLHZH41</lei>
        <title>Precision BioSciences Inc</title>
        <cusip>74019P207</cusip>
        <identifiers>
          <isin value="US74019P2074"/>
          <ticker value="DTIL"/>
        </identifiers>
        <balance>47089.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197773.800000000000</valUSD>
        <pctVal>1.2083472493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prime Medicine Inc</name>
        <lei>N/A</lei>
        <title>Prime Medicine Inc</title>
        <cusip>74168J101</cusip>
        <identifiers>
          <isin value="US74168J1016"/>
          <ticker value="PRME"/>
        </identifiers>
        <balance>40000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184800.000000000000</valUSD>
        <pctVal>1.1290806551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The monthly total returns shown in B.5.a. do not reflect the deduction of sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Jacob Funds Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Ryan Jacob</ncom:signature>
      <ncom:signerName>Jacob Funds Inc.</ncom:signerName>
      <ncom:title>President/Principal Executive Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
