Funding Round attributes
Jump Closes $20 Million Series A Funding Round Led by Battery Ventures
Summary
Jump, a provider of artificial intelligence (AI) solutions for financial advisors, has raised $20 million in a Series A funding round. The investment was led by Battery Ventures, with participation from Citi Ventures and existing investors Sorenson Capital and Pelion Venture Partners. This latest round brings the company’s total funding to $24.6 million.
Investors
Battery Ventures led the funding round with further participation from Citi Ventures alongside previous backers Sorenson Capital and Pelion Venture Partners.
Purpose of the Funding
Jump plans to use the new funding to accelerate product development, expanding its suite of AI-powered tools designed specifically for financial advisors. The company aims to enhance its technology to automate meeting preparation, notetaking, compliance documentation, and CRM updates. Additionally, Jump will allocate resources toward expanding its sales and support teams to meet increasing market demand and strengthen industry partnerships.
About Jump
Founded by experienced fintech entrepreneurs, Jump provides AI-driven productivity tools for financial advisors, ranging from solo practitioners to large enterprise firms. The company’s AI assistant integrates seamlessly with existing financial tools such as Zoom, Teams, Salesforce, Wealthbox, and Redtail. Jump’s solutions are customizable, ensuring compliance with enterprise policies while streamlining advisor workflows. Since its public launch in January 2024, Jump has grown to over 40 employees and has been recognized for its innovation, including being named Wealthtech Startup of the Year by Datos and receiving multiple industry awards from WealthManagement.com.
Quotes from Investors and Executives
“We are thrilled to partner with Jump and lead this Series A round,” said Dharmesh 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 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.”
“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.
