Jump, a US-based fintech start-up, has secured $20 million in a Series A funding round led by Boston-based venture capital firm Battery Ventures. This brings Jump’s total funding to nearly $25 million since its founding in 2023. The funding round also saw participation from Pelion Venture Partners and Sorenson Capital, which led Jump’s previous $4.6 million funding round in June 2024.
Jump, headquartered in Salt Lake City, Utah, provides an AI assistant that automates key tasks for financial advisors. These tasks include compliance documentation, CRM updates, meeting preparation, note-taking, client recap emails, and financial data extraction. The company’s solution integrates with platforms like Zoom, Teams, and Salesforce and can be customized to meet specific compliance policy requirements.
Since emerging from closed beta in January 2024, Jump has experienced rapid adoption of its technology, with an average monthly growth rate of over 35%.
Jump secures Series A funding
The start-up plans to use the new funding to enhance its product offerings, develop more AI-driven tools, and expand its sales and support teams to foster deeper industry partnerships.
Parker Ence, CEO and co-founder of Jump, said the company plans to accelerate product development efforts, including expanding its suite of advisor-specific AI workflows and work outputs with the funding. He also mentioned plans to grow staff to meet demand from advisory firms, specifically expanding sales and support teams. “The main reason we raised the money was to meet the demand,” said Ence.
“We have been in this very weird situation where because of a lot of inbound interest, we didn’t have to do that—it was really a short, quick process—which is great because even the shortest roadshow can be demanding on resources, time, and people.”
While much of Jump’s early user base included early-adopter solo practitioners, word quickly spread. RIA firms using Jump now include solo practitioners and larger firms like Integrated Partners and Mission Wealth. The AI provider is also part of LPL Financial’s vendor affinity program and is currently the only pre-approved product in its class for use by LPL’s 23,000 affiliated advisors.
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,” said Dharmesh Thakker, general partner at Battery Ventures, in a prepared statement announcing the funding.
