Nevis Lands $70M Series B From EQT Ventures and Charles Schwab to Scale AI Platform for Wealth Advisors
Nevis Lands $70M Series B From EQT Ventures and Charles Schwab to Scale AI Platform for Wealth Advisors #
Nevis, a New York-based startup building an artificial intelligence operating system for wealth management firms, has closed a $70 million Series B funding round led by EQT Ventures, bringing its total capital raised to $110 million just two years after its founding.
The round drew new strategic investors including The Charles Schwab Corporation and QuantumLight, the investment firm founded by Revolut chief executive Nik Storonsky. Returning backers Sequoia Capital, ICONIQ and Ribbit Capital all expanded their commitments in the new round. As part of the deal, Carolina Brochado, partner and head of EQT Ventures, will join Nevis’s board of directors, with EQT partner Kaushik Subramanian joining as a board observer.
Nevis was founded in 2024 by three former Revolut executives: Mark Swan, who serves as chief executive; Philipp Burda, chief product officer; and Ivan Chalov, chief operating officer. The company’s platform is designed to consolidate CRM, meeting intelligence, financial planning and custodial workflows into a single AI-powered environment, allowing AI agents to execute operational tasks end to end rather than acting as isolated point solutions.
The company says it has achieved rapid commercial traction since emerging from stealth roughly eleven months ago, when it announced a $35 million Series A. Revenue has grown more than twenty-five-fold in 2026, while client assets on the platform climbed from $50 billion to $700 billion over the same period, with approximately $75 billion in fresh assets added monthly, according to the company. Nevis counts Focus Financial Partners, IEQ Capital and United Capital among its customers, and its AI agents have completed more than 100,000 operational tasks to date. The company reports that advisors using its platform reclaim up to ten hours per week and increase prospect meetings by 30 percent.
Fortune cited a person familiar with the financing as placing Nevis’s valuation at approximately $500 million, though the company did not disclose a figure in its official announcement.
The funding will be used to expand Nevis’s agent capabilities, deepen integrations across the custodian and WealthTech ecosystem, and grow product and go-to-market teams. Brochado noted that wealth management faces a structural capacity problem as retiring advisors outpace new entrants, a dynamic she said makes the company’s automation tools well-suited for firms seeking to serve more clients without proportionally scaling headcount.
Copy link