New funding will accelerate Jump’s rapid growth, drive development of advanced artificial intelligence (AI) tools to increase productivity and streamline client interactions for financial advisors

February 03, 2025 09:08 AM Eastern Standard Time

SALT LAKE CITY–(BUSINESS WIRE)–Jump, a leading provider of artificial intelligence (AI) solutions for financial advisors and other financial services providers, today announced the successful completion of a $20 million Series A funding round, led by Battery Ventures, with additional participation from Citi Ventures and existing investors Sorenson Capital and Pelion Ventures Partners. This investment underscores the rapidly growing demand for advisor-specific AI tools that streamline administrative tasks and empower financial professionals to elevate the advisor and client experience.

“Jump is helping advisors reclaim their time and focus on building stronger client relationships”Post this

Founded by repeat fintech entrepreneurs, Jump has quickly established itself as an indispensable productivity tool to advisory firms of all sizes – from solo practitioners to enterprise-level registered investment advisors (RIAs) and independent broker dealers (IBDs). The firm has raised $24.6 million capital to date, and this latest funding will advance its mission to empower financial advisors and their clients to thrive in the age of AI. With this funding, Jump plans to accelerate product innovation, building out an ever growing suite of advisor specific AI workflows and agentic AI work outputs. Jump will also expand sales and support to meet intense market demand, deepening industry partnerships.

“We are thrilled to partner with Jump and lead this Series A round,” saidDharmesh Thakker, general partner at Battery Ventures. “We were impressed by Jump’s leading product and market position, the quality of their team, their rapid growth and the positive reviews they’ve received from their customers. As the wealth industry transitions into the AI era, Jump has quickly become the default choice for individual financial advisors and enterprise leaders looking to adopt this transformative technology in a safe, practical way.”

Jump’s AI assistant integrates seamlessly into advisors’ workflows, automating critical tasks like meeting preparation, notetaking, compliance documentation, CRM updates, handling financial planning data and client follow-ups. Jump is deeply customizable depending on advisor preferences; it also integrates with existing advisor tools, including Zoom, Teams, Salesforce, Wealthbox, Redtail and more. Jump also provides extensive enterprise controls that allow compliance teams to configure Jump to their specific policy requirements.

This funding announcement follows a period of significant momentum for Jump, including rapid adoption by leading firms and significant recognition for its innovative AI solutions. Key milestones include:

• Rapid user adoption and enterprise partnerships: Since coming out of closed beta in January 2024, Jump has experienced exceptional momentum, with an average monthly growth rate of over 35%. Jump’s recent partnerships with leading IBDs and RIAs, includingLPL Financial, Sanctuary Wealth, Integrated Partners and Mission Wealth, saw swift advisor uptake, reinforcing its position as the leading AI meeting tool for financial advisors.
• Customer success and impact:According to a recent survey,advisors using Jump save an average of one hour per workday, with some reporting time savings of multiple hours per workday. Additionally, 84% of users rated Jump as superior to alternatives for meeting prep and follow-up.
• Industry recognition and expanding team: Jump was named Wealthtech Startup of the Year by Datos and was the recipient of three WealthManagement.com “Wealthies” Industry Awardsin the categories of Technology Disruptor, Innovative New Applications and Advisor Choice Technologies. Since Jump’s founding in 2023 and public launch in January 2024, its team has grown from three co-founders to over 40 employees, reflecting the strong demand for its solutions.

“On our path to empower advisors and their clients to thrive in the age of AI, our easy-to-use, compliant solution is quickly becoming the standard to help advisors save massive time and enhance client engagement,” said Parker Ence, chief executive officer and co-founder of Jump. “We are incredibly grateful to our customers, partners and team members who embraced this vision early and helped spread the word, driving our growth almost entirely through word of mouth. We love seeing advisors use Jump to focus on their most important work: creating lasting, trusting relationships with their clients as they guide them through some of life’s most critical decisions.”

Jump’s award-winning AI meeting assistant, built exclusively for financial advisors and other financial services professionals, was created based on input from thousands of advisor teams. Jump features fully customizable outputs that match the advisors’ workflows and writing style, all with safety and compliance top of mind.

“Jump is helping advisors reclaim their time and focus on building stronger client relationships,” said Jelena Zec, director, venture investing at Citi Ventures. “As the clear leader in this space, they are redefining what’s possible for advisors while meeting enterprise compliance requirements for safe AI implementation – we’re excited to invest in a company that has the potential to shape the future of the industry.”

To learn more about how Jump can benefit your firm, visit jumpapp.com.

About Jump

Jump is the industry’s leading advisor AI assistant, enabling registered investment advisor (RIA), broker-dealer, and enterprise teams to cut meeting admin by up to 90% while elevating the advisor and client experience. Jump automates meeting prep, note taking, compliance documentation, CRM updates, client recap email, financial data extraction and follow-up tasks, allowing advisors to process meetings in just five minutes – not 60. Jump is made for advisors, 100% customizable, deeply integrated with the tech stack, and designed with safety and compliance in mind. For more information, visit jumpapp.com, or for information about career opportunities at Jump, visit careers.jumpapp.com.

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