Nevis, an AI startup for wealth managers, has secured $70 million in a Series B funding round led by EQT Ventures. The round brings the company's total funding to $110 million. New strategic investors include Charles Schwab and QuantumLight, while existing backers Sequoia, ICONIQ, and Ribbit increased their commitments.
The company, founded by former Revolut executives Mark Swan, Ivan Chalov, and Philipp Burda, focuses on automating administrative tasks for financial advisers. Nevis reports that assets under management on its platform grew from $50 billion to $700 billion in 2026, with revenue increasing more than 25 times during the same period.
The platform integrates CRM, financial planning, and custodial workflows to reduce administrative time by up to 10 hours per week. Current clients include firms such as Focus Financial Partners, IEQ Capital, and United Capital. Nevis agents have reportedly completed over 100,000 operations to date.
With approximately 70 employees across London and New York, Nevis plans to use the new capital to enhance its AI agents, expand integrations with custodians and software providers, and grow its product and sales teams. The company aims to position itself as a foundational AI operating system for the wealth management industry.
