Jump, a leading provider of AI-based solutions for financial advisors and other financial services providers, announced today the 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 funding validates the growing demand for advisor-specific AI tools that streamline administrative tasks and empower financial professionals to elevate the advisor and client experience.
Launched by repeat fintech entrepreneurs, Jump quickly established itself as an indispensable productivity tool to advisory firms of all sizes – ranging from solo practitioners to enterprise-level registered investment advisors (RIAs) and independent broker-dealers (IBDs).
The firm has also raised $24.6 million in funding to date, and this latest funding will advance its mission to enable financial advisors and their clients to thrive in the age of AI. With this funding round, Jump plans to accelerate product innovation and build out an advanced suite of advisor-specific AI workflows and agentic AI work outputs. Jump will also expand the sales and support to meet intense market demand, deepening industry partnerships.
Jump’s AI assistant integrates seamlessly into advisors’ workflows while automating critical tasks like meeting preparation, notetaking, compliance documentation, CRM updates, handling financial planning data, and client follow-ups. And Jump is customizable depending on advisor preferences. Plus, it integrates with existing advisor tools, including Zoom, Teams, Salesforce, Wealthbox, Redtail, and more. Jump offers extensive enterprise controls that allow compliance teams to configure Jump to their specific policy requirements.
This funding follows a period of significant momentum for Jump, including rapid adoption by leading firms and considerable recognition for its innovative AI solutions. Key milestones include:
1.) Since coming out of closed beta in January 2024, Jump experienced notable momentum, with an average monthly growth rate of over 35%. And Jump’s recent partnerships with leading IBDs and RIAs, including LPL Financial, Sanctuary Wealth, Integrated Partners, and Mission Wealth, saw swift advisor uptake, reinforcing its position as the leading AI meeting tool for financial advisors.
2.) Advisors using Jump save an average of one hour per workday, with some reporting time savings of multiple hours per workday. And 84% of users rated Jump as superior to meeting prep and follow-up alternatives.
3.) Jump was named Wealthtech Startup of the Year by Datos and it was the recipient of three WealthManagement.com “Wealthies” Industry Awards in the categories of Technology Disruptor, Innovative New Applications and Advisor Choice Technologies. Since Jump was founded 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.
Jump’s AI meeting assistant, built exclusively for financial advisors and other financial services professionals, was created based on input from thousands of advisor teams. And Jump features fully customizable outputs that match the advisors’ workflows and writing style, all with safety and compliance top of mind.
KEY QUOTES:
“We are thrilled to partner with Jump and lead this Series A round. 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.”
- Dharmesh Thakker, general partner at Battery Ventures
“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. 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.”
- Parker Ence, chief executive officer and co-founder of Jump
“Jump is helping advisors reclaim their time and focus on building stronger client relationships. 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.”
- Jelena Zec, director, venture investing at Citi Ventures
