Jump Raises $20 Million Series A to Expand AI Solutions for Financial Advisors

Jump, an AI solutions provider for financial advisors, raised $20M Series A to enhance automation, expand AI workflows, and streamline compliance, improving advisor productivity and client engagement.

Mark Tullis

Feb 05, 2025 - 2 min read

Salt Lake City, Utah, February 5, 2025

Jump, a Salt Lake City-based AI solutions provider for financial advisors, has raised $20 million in a Series A funding round led by Battery Ventures, with participation from Citi Ventures, Sorenson Capital (Lehi), and Pelion Ventures Partners (Draper). Sorenson and Pelion, both Utah-based investment firms, participated in Jump's previous raise of $4.6 million in June of 2024.

This investment highlights the growing demand for AI tools that streamline administrative tasks and enhance client experiences.

Founded by fintech veterans, Parker Ence, Tim Chaves and Adam Kirm, Jump has become a go-to productivity tool for advisory firms of all sizes. With $24.6 million raised to date, the company plans to accelerate product innovation, expand AI-driven workflows, and scale sales and support to meet increasing demand.

“We are thrilled to partner with Jump,” said Dharmesh Thakker, general partner at Battery Ventures. “Their rapid growth, strong market position, and high customer satisfaction make them the default AI solution for financial advisors adapting to this new era.”

Jump’s AI assistant seamlessly integrates into advisors’ workflows, automating meeting prep, notetaking, compliance documentation, CRM updates, financial planning data, and client follow-ups. It is fully customizable and integrates with platforms like Zoom, Teams, Salesforce, Wealthbox, and Redtail. Enterprise controls ensure compliance with firm-specific policies.

The company's key milestones include:

Rapid Growth: Since launching in January 2024, Jump has seen over 35% monthly growth, with major IBD and RIA partnerships, including LPL Financial, Sanctuary Wealth, Integrated Partners, and Mission Wealth.
User Impact: Advisors save an average of one hour per workday, with 84% preferring Jump over competitors for meeting prep and follow-ups.
Industry Recognition: Named Wealthtech Startup of the Year by Datos and a three-time WealthManagement.com “Wealthies” winner. Jump’s team has grown from three co-founders to over 40 employees.

“Our AI solution is becoming the standard for advisors looking to save time and deepen client relationships,” said Parker Ence, Jump’s CEO and co-founder. “We’re grateful to our customers, partners, and team for driving our growth almost entirely through word of mouth.”

Jump is redefining financial advising with AI while ensuring compliance and security. “Jump is helping advisors reclaim time while meeting enterprise compliance standards,” said Jelena Zec, director of venture investing at Citi Ventures.

Learn more about Jump at jumpapp.com.

See previous TechBuzz coverage of Jump here.