Jump, a US-based start-up specialising in AI-powered software for financial advisors, has secured a $20 million Series A funding round led by Boston-headquartered VC firm Battery Ventures, bringing its total funding to date to nearly $25 million.Jump bags $20 million Series AThe round also featured participation from Citi Ventures, Pelion Venture Partners, and Sorenson Capital, which led Jump’s $4.6 million funding round in June 2024.Founded in 2023 and headquartered in Salt Lake City, Utah, Jump provides an AI assistant that automates key tasks for financial advisors, such as compliance documentation, CRM updates, meeting prep, note-taking, client recap emails, and financial data extraction.According to Jump, its solution can be integrated into platforms such as Zoom, Teams, and Salesforce, and can be customised to enable compliance teams to meet their “specific policy requirements”.Jump reports “rapid adoption” of its tech since emerging from closed beta in January 2024, boasting an average monthly growth rate of over 35%.The start-up intends to use the Series A to enhance its product offerings, including developing more AI-driven tools. It also plans to expand its sales and support teams to deepen “industry partnerships”.
Ven. Feb 7th, 2025
