Nevis Raises $70M Series B Led by EQT Ventures

Today, I’m excited to announce that Nevis has raised a $70 million Series B, led by EQT Ventures, with participation from Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital. This brings our total funding to $110 million in just two years since founding the company.

Nevis is building the AI operating system for wealth management. We bring CRM, meeting intelligence, financial planning and custodial workflows together in one platform, with AI agents that complete operational work end-to-end. Our mission is simple: empower financial advisors to spend more time with clients, deliver better advice and grow their businesses.

Today, Nevis supports some of the largest and fastest-growing wealth management firms in the US, representing more than $700 billion in assets.

Why We Started Nevis

Wealth management is one of the most important industries in the world. The financial decisions people make shape their futures, their families and the opportunities available to the next generation. As demand for financial advice grows and clients expect increasingly sophisticated services, the opportunity for financial advisors to make a greater impact has never been larger.

Two years ago, Philipp, Ivan and I founded Nevis with a shared conviction: AI could fundamentally transform what financial advisors and wealth management firms are capable of achieving. We believed AI could empower advisors to serve more clients, deliver more sophisticated advice and build deeper relationships than ever before.

From day one, we built Nevis around three core beliefs.

First, financial advice is, and always will be, human-led. Wealth management is built on relationships and trust. AI should empower financial advisors, not replace them. We envision a future where every advisor can serve more clients, offer a broader range of services and deliver a deeply personalized experience. AI can dramatically expand what an advisor and their team can accomplish.

Second, the existing technology paradigm was fundamentally broken. Wealth management has historically relied on outdated, fragmented technology that holds advisors back rather than empowering them. Advisors navigate dozens of disconnected systems and spend valuable time on manual processes. The first wave of AI only added more point solutions, from meeting note-takers to document parsers. We believed the industry didn’t need more software. It needed a fundamentally new technology platform built around how advisors actually work.

Third, the greatest opportunity is a platform, not a point solution. The true potential of AI lies in agents that execute complex workflows end-to-end, not simply assist with individual tasks. We set out to build one integrated platform connecting a firm’s data, systems and workflows, allowing AI agents to complete operational work and freeing advisors to focus on clients, advice and growth.

Why Firms Choose Nevis

One of the most rewarding parts of building Nevis has been seeing the impact our technology is having on advisors and their businesses.

Today, we’re proud to work with some of the largest and fastest-growing wealth management firms in the US, including Focus Financial Partners, IEQ Capital and United Capital.

What matters most to me isn’t the scale of these partnerships, but the results we’re delivering.

Advisors using Nevis are reclaiming up to 10 hours every week, taking 30% more prospect meetings, generating financial plans and proposals in minutes, and opening client accounts in days instead of weeks.

This is exactly why we started Nevis: to help advisors accomplish more, serve more clients and build better businesses.

Our progress over the past year reflects how quickly the industry is embracing this vision. Assets on Nevis have grown from $50 billion to more than $700 billion, and we’re now adding $75 billion every month. Revenue has grown more than 25x, our AI agents have completed over 100,000 operational tasks, and we’ve shipped dozens of new products.

Behind all of this is our team of 70 exceptional people. Their ambition, talent and relentless execution have made this possible, and I’m incredibly proud of what we’re building together.

Our Investors

I’m incredibly grateful to the investors backing Nevis in this round. Each brings deep experience, conviction in our vision and the ability to help us build an enduring company.

EQT Ventures leads the round, having followed our journey since the early days. Their global network across wealth management and financial services will be invaluable as we scale. I’m delighted to welcome Carolina Brochado, Partner and Head of EQT Ventures, to our Board of Directors, alongside Kaushik Subramanian as Board Observer.

Mark, Philipp and Ivan have built an exceptional AI platform at a time when wealth management faces a growing capacity gap, with advisors retiring as demand for advice rises. 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.

— Carolina Brochado, Partner and Head of EQT Ventures

Charles Schwab joins as a strategic investor. Schwab supports more than 17,000 independent RIAs, with over 48 million client accounts and $13 trillion in client assets across its business. By deepening our partnership, we can extend Nevis agents across Schwab’s custodial infrastructure, unlocking powerful new automations for advisors and their firms.

We’ve built an AI ecosystem that gives advisors greater choice and access to capabilities that can help them run and grow their firms. Our investment in and partnership with Nevis expands that ecosystem, helping advisors harness AI to operate more efficiently, increase their capacity and ultimately serve more investors.

— Jon Beatty, Head of Schwab Advisor Services

QuantumLight, the venture firm founded by Nik Storonsky, Founder and CEO of Revolut, also joins the round. Philipp, Ivan and I know Nik from our time at Revolut, where we saw firsthand what it takes to build and scale a world-class financial technology company. Having him back us as founders is particularly meaningful.

Sequoia Capital, ICONIQ and Ribbit Capital have been instrumental partners throughout our journey, and all three have increased their investment in this round. Their continued conviction means a great deal to us.

I couldn’t ask for a stronger group of partners as we pursue our ambition to build the foundational AI platform for wealth management.

Just the Beginning

This funding marks the beginning of our most ambitious chapter yet.

We will accelerate the development of our AI agents and expand Nevis across the entire wealth management technology stack. But our ambition goes far beyond building better software. We believe AI will fundamentally redefine what financial advisors and wealth management firms are capable of achieving.

We envision a future where every advisor can serve more clients, deliver a broader range of sophisticated services, and build deeper relationships. Where wealth management firms can grow faster, operate at significantly higher margins, and scale to a level previously unimaginable.

Our ambition is to make Nevis the foundational AI platform powering this transformation and the operating system for the global wealth management industry.

To our customers, thank you for placing your trust in us. To our investors, thank you for sharing our conviction. And above all, to our team, thank you for your extraordinary ambition, relentless execution and commitment to building something exceptional.

We’re just getting started.

Mark Swan
CEO & Co-Founder, Nevis