Nevis Raises $70M Series B for Wealth Management AI

Opening a client account gives an AI supplier a job that continues after the conversation ends. For Nevis, the documents, signatures and custodial steps surrounding financial advice are becoming the center of its financing story.

The New York wealth-tech company announced a $70M Series B on October 26, 2026, led by EQT Ventures, with Charles Schwab and QuantumLight joining returning investors Sequoia Capital, ICONIQ and Ribbit Capital. Nevis says the round brings total funding to $110M and will support more capable AI agents, deeper integrations and expanded product and go-to-market teams. For advisory firms, the proposition reaches into how many clients their people can serve and how much coordination each relationship requires.

What Nevis's Series B finances

Nevis sells a platform connecting client information, meeting intelligence, financial planning and custodial workflows. Its founders, CEO Mark Swan, CPO Philipp Burda and COO Ivan Chalov, previously worked at Revolut. The company they founded in 2024 is pursuing a broad role around the advisor, taking on administrative work across several parts of the client relationship.

The capital history matters because successive announcements describe both individual rounds and cumulative totals. Nevis's December 2025 announcement disclosed a $35M Series A and $40M raised overall. Sequoia's contemporaneous founder profile also identifies a $5M seed investment in 2024. The new $70M sits on top of that earlier funding, producing the company's reported $110M total.

The financing also adds governance and an important industry relationship. Carolina Brochado, Partner and Head of EQT Ventures, joins Nevis's board, while EQT partner Kaushik Subramanian becomes a board observer. Their roles bring investment oversight closer to the next phase of product development and commercial expansion.

Charles Schwab enters as a strategic investor in a supplier whose workflows connect with custodial infrastructure. That relationship matters to the product's route into everyday use: an advisor's instructions eventually have to reach the institution maintaining the account. The announcement describes a deeper partnership, without establishing an exclusive distribution arrangement or a guarantee that every advisory firm's processes will be supported.

Where the work crosses systems

Nevis's workflow documentation describes account opening through Schwab and Fidelity integrations, alongside signatures, transfers and account maintenance. The practical unit of work extends beyond drafting a useful answer. Information has to move into forms, documents have to reach the right person, and the firm's records have to reflect the resulting account state.

That creates a different buying conversation from purchasing a meeting assistant on its own. A good summary can tell an advisor what happened during a call. Completing the service arising from that call requires the next set of actions to survive the trip through operations and external systems. Each additional connection makes the implementation details more consequential to the customer.

The company's data platform lists connections to systems including Salesforce, Outlook, Zoom, Teams, Docusign, SharePoint and Box. Nevis says it normalizes information across connected sources and lets firms configure who can access particular material. Those capabilities place client context and access permissions inside the same operating problem as task execution.

The underlying commercial appeal is understandable. Advisory firms can keep the human relationship at the center while asking software to carry a larger share of the surrounding administration. How well that arrangement works depends on the firm's data, chosen integrations and rules for approving actions. A wider product remit gives Nevis more opportunities to become useful within an account, and more customer-specific processes to understand.

Why a wealth manager buys instead of builds

The company's Focus Financial Partners case study makes the procurement decision unusually concrete. Focus considered developing its own platform, assembling point solutions and partnering with Nevis. According to the account, it selected Nevis for a combination of flexibility and speed to value, with deployment specialists and engineers working alongside the customer's leaders.

That choice exposes an economic question beneath the funding announcement. Building internally gives a firm responsibility for connecting the tools and maintaining the resulting system. Buying a collection of products still leaves somebody accountable for the spaces between them. Partnering with Nevis transfers more of that coordination to a supplier, while the wealth manager retains its service standards and responsibility to clients.

Nevis reports that advisors across deployments reclaim up to 10 hours a week and conduct 30% more prospect meetings. It also reports more than 100,000 operational tasks completed. These are company-reported results with no published customer-by-customer methodology in the announcement, so they describe the vendor's account of deployment outcomes rather than a universal forecast for a prospective buyer.

The reported customer scale needs equally careful reading. Nevis says assets represented across its platform grew from $50B to more than $700B during 2026, while revenue increased more than 25x. The asset figure concerns the wealth firms using the software; it is separate from Nevis's own revenue and funding. Without a disclosed revenue base, the growth multiple cannot establish the size of the software business.

The implementation business inside the AI platform

The new financing supports more agents and integrations, but the Focus account also gives deployment people a visible place in the product. Configuring an AI platform around how a firm operates requires decisions about which information matters, who can use it and how actions reach completion. That work can determine whether a promising demonstration becomes part of an advisor's normal day.

Nevis's security documentation describes role-based controls, human oversight of AI actions and US-based AWS infrastructure. The company also states that it is SOC 2 Type II compliant. These are relevant supplier representations for buyers handling sensitive client information; each firm still needs to examine the controls, permissions and contractual commitments applicable to its own deployment.

The company's careers page lists product, engineering and commercial roles in New York and London. That hiring footprint fits the stated plan to expand the platform and the organization selling and implementing it. Specific hiring targets, absolute revenue and long-term retention figures were not disclosed in the primary announcements reviewed.

For a wealth manager, the value of an account-opening workflow is experienced at the point a client can move forward. Nevis now has more financing and a custodian among its backers as it takes responsibility for additional steps along that route. Its deployment teams will be working inside firms where an unfinished form can still bring a very human conversation back onto the advisor's calendar.