Nevis Just Raised $70M to Give Financial Advisors Their Week Back

Jan de Vries · 2026-10-26

Nevis, an AI operating system for wealth management, just closed a $70 million Series B. That's a serious vote of confidence for a company founded only in 2024. The round was led by EQT Ventures, and it pushes Nevis' total funding to $110 million in just two years. What's interesting isn't only the size of the check. It's who's writing it. Charles Schwab and QuantumLight (Revolut founder Nik Storonsky's fund) joined as new strategic investors. Sequoia, ICONIQ, and Ribbit Capital all doubled down. When the people who run wealth management from the inside start backing your platform, that tells you something. ### The Real Problem Nevis Is Solving Here's the situation advisors are stuck in. Demand for financial advice keeps climbing, but experienced advisors are retiring. The industry faces a genuine capacity gap, and firms can't simply hire their way out of it. Nevis tackles this by pulling the messy administrative work into one AI platform. CRM, meeting intelligence, financial planning, and custodial workflows all live in the same place. The agents handle tasks end-to-end rather than nudging advisors to do one more click. So far, those agents have completed more than 100,000 operational tasks. Nevis' customers represent over $700 billion in client assets. ### What Advisors Actually Get Back According to Nevis, firms using the platform are seeing some pretty concrete results: - Reclaiming up to 10 hours every week per advisor - A 30% increase in prospect meetings - Personalized financial plans and proposals generated in minutes - Account opening cut from weeks down to days "Our customers measure Nevis in business results: more client calls, hours back every week, and accounts opened every day," says Mark Swan, CEO and co-founder. "Nevis agents finish the work, so every advisor can give every client the white-glove attention of a full-service team." That last point matters. This isn't about replacing advisors. It's about clearing the desk so they can actually talk to people. ### Schwab Sees It as an Ecosystem Play Jon Beatty, head of Schwab Advisor Services, framed the investment as an extension of choice for advisors rather than a disruption. "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," he said. Carolina Brochado, Partner and Head of EQT Ventures, pointed to the timing: "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." ### The Bigger WealthTech Funding Picture Nevis isn't the only one drawing capital. Across Europe, 2026 has brought a steady stream of wealth management software raises. Copenhagen's Performativ pulled in $13 million in Series A funding, while Zurich's Aisot Technologies added a $2.3 million seed extension. In the UK, WealthAi raised roughly $900,000 and Glasgow's Afternoon Finance secured about $60,000 for advisor automation software. Add in Fifth Dimension's $24 million Series A and Vennre's $8.7 million, and you're looking at nearly $52 million in related funding this year, not counting Nevis' round. ### What Comes Next Nevis plans to use the new capital to expand its agent capabilities, deepen integrations across the custodian and WealthTech ecosystem, and grow its product and go-to-market teams. The company says revenue has grown more than 25x over the past year, with customers including Focus Financial Partners, IEQ Capital, and United Capital. For advisors watching this space, the takeaway is simple. The tools are catching up to the workload. The question is whether your firm will be early or late to adopt them.