Jump, a provider of artificial intelligence (AI) solutions for financial advisers and financial services firms, has secured $20m a Series A funding round.
The financing round was led by Battery Ventures. It also had participation from Citi Ventures as well as Jump’s existing investors Sorenson Capital and Pelion Ventures Partners.
Battery Venture general partner Dharmesh Thakker said: “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.”
The funding will support Jump’s expansion and development of AI-driven solutions designed to streamline administrative tasks for financial professionals.
Since its launch in 2023, the company offers productivity tool for advisory firms, ranging from independent practitioners to large-scale registered investment advisers (RIAs) and independent broker-dealers (IBDs).
Jump plans to accelerate product innovation by expanding its suite of AI-driven workflows and enhancing AI-generated outputs tailored to advisers.
The company will also strengthen its sales and support teams to meet growing market demand and deepen industry partnerships.
Jump’s AI assistant automates key processes such as meeting preparation, notetaking, compliance documentation, CRM updates, financial planning data management, and client follow-ups.
The tool integrates with platforms including Zoom, Microsoft Teams, Salesforce, Wealthbox, and Redtail, allowing advisers to customise workflows to align with their operational needs.
Additionally, enterprise-level compliance controls enable firms to configure AI usage according to their policies.
Since emerging from closed beta in January 2024, Jump has reported an average monthly growth rate of over 35%, with rapid adoption among RIAs and IBDs.
The company has secured partnerships with firms including LPL Financial, Sanctuary Wealth, Integrated Partners, and Mission Wealth.
Jump CEO and co-founder Parker Ence said: “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 claims that its AI assistant can reduce meeting-related administrative tasks by up to 90%, allowing advisers to complete post-meeting processes in minutes instead of an hour.
