Nevis Raises $70M to Give Financial Advisors Their Week Back

Jan de Vries · 2026-10-26

Nevis, the London- and New York-based startup building an AI operating system for wealth management, just closed a $70 million Series B. The round was led by EQT Ventures and brings total funding to $110 million in just two years since the company was founded. New strategic investors include The Charles Schwab Corporation and QuantumLight, the fund of Revolut founder Nik Storonsky. Existing backers Sequoia Capital, ICONIQ, and Ribbit Capital all increased their commitments. ### Why Advisors Are Turning to AI Wealth management is facing a capacity crunch. Advisors are retiring, demand for advice keeps rising, and firms are struggling to serve more clients without burning out their teams. Nevis thinks AI agents can close that gap. By automating the administrative work that eats up an advisor's day, the platform frees up time for what actually matters: building relationships and giving clients white-glove attention. "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." ### What Nevis Actually Does Nevis brings CRM, meeting intelligence, financial planning, and custodial workflows into one AI platform. The agents handle operational tasks end-to-end and have already completed more than 100,000 of them. Across customer deployments, Nevis says advisors are seeing some impressive results: - Reclaim up to 10 hours every week - Increase prospect meetings by 30% - Generate personalized financial plans and proposals in minutes - Accelerate account opening from weeks to days That's not just a minor efficiency bump. It's the difference between a firm that's treading water and one that's actually growing. ### The Investors See the Same Thing "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," says Carolina Brochado, Partner and Head of EQT Ventures. "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." Schwab's investment is particularly telling. "We've built an AI ecosystem that gives advisors greater choice and access to capabilities that can help them run and grow their firms," says 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." ### A Hot Market for WealthTech Nevis isn't the only one attracting attention. In Europe alone, 2026 has seen a wave of funding for software serving wealth managers and financial advisors. Copenhagen-based Performativ raised $12.8 million (€11.96 million) in Series A, TODAY secured $3 million (€2.8 million) in seed, and Zurich's Aisot Technologies added $2.3 million (€2.13 million) in a seed extension. In the UK, London's WealthAi raised $900k (€837k) for its AI-powered wealth management platform, while Glasgow-based Afternoon Finance secured $61k (€57k) for financial-adviser automation software. Broader related British announcements include Fifth Dimension's $23.6 million (€22 million) Series A and Vennre's $8.6 million (€8 million) funding. Together, these rounds represent approximately $51.2 million (€47.8 million) in 2026 funding, excluding Nevis' Series B. That's a lot of money flowing into a space that's clearly ripe for disruption. ### What's Next for Nevis With the fresh capital, Nevis plans to expand agent capabilities, deepen integrations across the custodian and WealthTech ecosystem, and grow its product and go-to-market teams. The company's customers already represent more than $700 billion (€625 billion) in client assets, and revenue has reportedly grown more than 25x in the past year. Clients include Focus Financial Partners, IEQ Capital, and United Capital. For advisors drowning in admin work, Nevis offers a lifeline. And for the industry as a whole, it's a sign that AI is no longer a nice-to-have—it's becoming core infrastructure.