Nevis Raises $70 Million Series B to Grow its AI Operating System for Wealth Management

Nevis, the AI operating system for wealth management, today announced its $70 million Series B led by EQT Ventures, bringing total funding to $110 million in two years since founding. New strategic investors in the round include The Charles Schwab Corporation, which serves more than 48 million client accounts, $13 trillion in total client assets and supports more than 17,000 independent RIAs; and QuantumLight, the fund of Revolut founder and CEO Nik Storonsky. All existing investors, including Sequoia Capital, ICONIQ and Ribbit Capital, have also expanded their commitments in this new round.

Read More –Unlock and D2 Close $433.1M Home Equity Securitization

The funding coincides with a period of rapid growth for the company, driven by the measurable results Nevis has delivered for its customers. In 2026, Nevis has grown revenue more than 25x. In the same period, assets on the platform grew from $50 billion to $700 billion, at a current run rate of $75 billion new assets added each month. Customers include some of the largest and fastest-growing firms in the U.S., among them Focus Financial Partners, IEQ Capital and United Capital.

As part of the investment, Carolina Brochado, Partner and Head of EQT Ventures, will join Nevis’ Board of Directors, with Kaushik Subramanian, Partner at EQT Ventures, joining as Board Observer. Having followed the founders’ journey since the company’s early days, EQT Ventures brings deep experience and a global network across wealth management and financial services to support Nevis’ next phase of growth.

Read More –LBank Elevates Brand Identity to Move Beyond Crypto Trading

“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,” said Carolina Brochado, Partner and Head of EQT Ventures.

Nevis is transforming how wealth management firms operate, enabling financial advisors to serve more clients, take more prospect meetings, deliver a broader range of services, and build deeper client relationships. By bringing CRM, meeting intelligence, financial planning, and custodial workflows together in a single AI platform, Nevis agents handle operational work end-to-end, giving advisors more time to focus on clients and enabling firms to scale faster than ever before.

Read More –Wolters Kluwer Helps IFFCO Tokio Meet Ind AS Compliance

Its AI agents have completed more than 100,000 operational tasks, empowering financial advisors to pursue new growth opportunities, deliver more comprehensive advice, and build deeper client relationships.

Across customer deployments, Nevis is enabling financial advisors to:

• Reclaim up to 10 hours every week, creating capacity for more client meetings and new business development.
• Increase prospect meetings by 30%, helping advisors deepen relationships and accelerate organic growth.
• Generate personalized financial plans and prospect proposals in minutes, making comprehensive advice accessible to more clients.
• Accelerate account opening from weeks to days, with AI agents orchestrating paperwork, signatures, and custodial workflows end-to-end.

“We’ve built an AI ecosystem that gives advisors greater choice and access to capabilities that can help them run and grow their firms,” said Jon Beatty, head of Schwab Advisor Services. “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.”

“Our customers measure Nevis in business results: more client calls, hours back every week, and accounts opened every day. Nevis agents finish the work, so every advisor can give every client the white-glove attention of a full-service team,” said Mark Swan, CEO and Co-Founder of Nevis. “We’re proud to have investors who see this industry from the inside backing our work to make AI agents core infrastructure for advisory firms.”

The company will use the funding to expand agent capabilities, deepen integrations across the custodian and wealth tech ecosystem, and grow its product and go-to-market teams.