Nevis Raises $70M in Series B Funding Led by EQT Ventures

Nevis, a NYC-based provider of an AI operating system for wealth management, has raised $70 million in a Series B financing round, bringing the total amount to $110 million.

The round was led by EQT Ventures with participation from The Charles Schwab Corporation, QuantumLight, Sequoia Capital, ICONIQ, and Ribbit Capital.

The company will use the funding to expand its AI agent capabilities, strengthen integrations across the wealth management ecosystem, and grow its product and go-to-market teams.

What is Nevis?

Nevis develops an AI platform that helps wealth management firms automate administrative tasks and improve how financial advisors serve clients.

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Its platform brings customer relationship management (CRM), meeting intelligence, financial planning, and custodial workflows into one system. AI agents handle operational tasks, allowing advisors to spend more time working with clients, meeting potential customers, and providing financial advice.

The platform is designed for wealth management firms looking to increase efficiency, serve more clients, and build stronger client relationships without adding the same level of administrative workload.

How Much Funding Has Nevis Raised?

Nevis has raised $70 million in its latest Series B round, bringing its total funding to $110 million.

The company has not disclosed details of its previous funding rounds or the dates and amounts of earlier investments in the announcement.

Who Invested in Nevis’s Series B Round?

The $70 million Series B funding round was led by EQT Ventures.

Other participating investors include:

• The Charles Schwab Corporation
• QuantumLight
• Sequoia Capital
• ICONIQ
• Ribbit Capital

The announcement did not specify which investors were new and which were existing backers.

Why the Funding Matters

Nevis plans to use the new capital to expand its AI agents, deepen integrations with custodians and wealth technology providers, and grow its product and go-to-market teams.

Wealth management professionals often spend significant time on administrative work, client records, meeting follow-ups and other operational processes. Nevis aims to automate these tasks so advisors can focus more on client relationships and financial planning.

Who founded Nevis?

Nevis was founded by Mark Swan, Philipp Burda, and Ivan Chalov. The company is headquartered in New York City.

The founders established Nevis to automate the administrative work handled by financial advisors and help wealth management firms serve more clients while improving the client experience.

Nevis is helping firms serve more clients and scale efficiently. We're excited to bring EQT's network across wealth management and financial services to support their growth and ambition to become the foundational AI platform for the industry,” said Carolina Brochado, Partner and Head of EQT Ventures.

“Our customers measure Nevis in business results: more client calls, hours back every week, and accounts opened every day. Nevis agents finish the work, so every advisor can give every client the white-glove attention of a full-service team,” said Mark Swan, CEO and Co-Founder of Nevis.

Market and Business Growth

Nevis reported strong growth in 2026. According to the company, its revenue grew more than 25 times during the year.

Assets on its platform increased from $50 billion to $700 billion. The company also reported a current run rate of $75 billion in new assets added each month.

Nevis also reported that its AI agents have completed more than 100,000 operational tasks. These systems are designed to help financial advisors manage workflows and focus on serving clients.

What Happens Next?

Nevis plans to expand its AI agent capabilities and strengthen integrations across the custodian and wealth technology ecosystem. It will also grow its product and go-to-market teams.

The company aims to help wealth management firms automate more operational work, serve additional clients, and expand their services through its AI platform.

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