New York-based AI startup Nevis has secured $70 million in a Series B funding round led by EQT Ventures. The round included participation from Charles Schwab as a strategic investor, as well as QuantumLight, Sequoia Capital, ICONIQ, and Ribbit Capital.
Founded in 2024 by former Revolut executives Mark Swan, Philipp Burda, and Ivan Chalov, the company has raised a total of $110 million to date. This follows a $35 million Series A round held less than 11 months ago.
The platform, which automates administrative tasks for wealth managers, reports that client assets on its system have grown from $50 billion to $700 billion. The company currently serves approximately 20 customers, including firms like Focus Financial Partners and IEQ Capital.
Nevis plans to allocate the new capital toward the development of advanced AI agents, software integration with financial custodians, and recruitment across engineering, product, and sales departments. EQT Ventures partner Carolina Brochado will join the company board.
