Nevis Lands $70M Series B to Build Out AI Agents for Financial Advisors

Nevis, a startup building an AI operating system for wealth management, has raised a $70 million Series B led by EQT Ventures, CEO and co-founder Mark Swan wrote in a company blog post on October 26, 2026. Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital also participated in the round, which the company said brings its total funding to $110 million in the two years since its founding.

Swan wrote that Nevis brings CRM, meeting intelligence, financial planning and custodial workflows together in one platform, with AI agents that complete operational work end-to-end. The company’s stated mission is to let financial advisors spend more time with clients, deliver better advice and grow their businesses. According to the announcement, Nevis works with some of the largest and fastest-growing wealth management firms in the US, including Focus Financial Partners, IEQ Capital and United Capital, and its customers represent more than $700 billion in assets.

Investors and Board Appointments

EQT Ventures led the round. Carolina Brochado, Partner and Head of EQT Ventures, joins Nevis’s Board of Directors, and Kaushik Subramanian joins as Board Observer. Swan wrote that EQT followed the company’s journey from its early days and that the firm’s global network across wealth management and financial services will be invaluable as Nevis scales.

“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,” Brochado said in the announcement. She said Nevis is helping firms serve more clients and scale efficiently, and that EQT will support the company’s ambition to become the foundational AI platform for the industry.

Charles Schwab joins the round as a strategic investor. The announcement states that Schwab supports more than 17,000 independent registered investment advisors, with over 48 million client accounts and $13 trillion in client assets across its business, and that the deepened partnership will extend Nevis’s agents across Schwab’s custodial infrastructure, adding new automations for advisors and their firms.

Jon Beatty, Head of Schwab Advisor Services, said Schwab has built an AI ecosystem intended to give 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,” Beatty said.

QuantumLight, the venture firm founded by Revolut founder and CEO Nik Storonsky, also joined the round. Swan wrote that he and his co-founders, Philipp and Ivan, know Storonsky from their time at Revolut, where they saw what it takes to build and scale a financial technology company. Sequoia Capital, ICONIQ and Ribbit Capital each increased their investment in the round; Swan described the three firms as instrumental partners throughout the company’s journey.

Founding Beliefs and Reported Traction

Swan wrote that he, Philipp and Ivan founded Nevis two years ago around three beliefs. The first is that financial advice is human-led and that AI should empower advisors rather than replace them. The second is that the industry’s existing technology was fundamentally broken, leaving advisors to navigate dozens of disconnected systems while the first wave of AI added only point solutions such as meeting note-takers and document parsers. The third is that the greatest opportunity lies in a single integrated platform connecting a firm’s data, systems and workflows, so that AI agents can complete operational work while advisors focus on clients, advice and growth.

On results, the company reports that advisors using Nevis reclaim up to 10 hours every week, take 30% more prospect meetings, generate financial plans and proposals in minutes, and open client accounts in days instead of weeks. Swan wrote that assets on Nevis have grown from $50 billion to more than $700 billion and that the platform is now adding $75 billion every month. He added that revenue has grown more than 25x, that the company’s AI agents have completed over 100,000 operational tasks, and that Nevis has shipped dozens of new products. The company employs 70 people.

Stated Use of Funds

Nevis said the new capital will accelerate the development of its AI agents and expand the platform across the wealth management technology stack. Swan wrote that the company believes AI will fundamentally redefine what financial advisors and wealth management firms can achieve, describing a future in which every advisor can serve more clients and deliver a broader range of services while firms grow faster and operate at significantly higher margins. The stated ambition is to make Nevis the operating system for the global wealth management industry.