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Nevis, an AI software company for wealth-management firms, announced a $70 million Series B on October 26, 2026, led by EQT Ventures. The round brings Nevis’s total disclosed funding to $110 million. Fortune separately reported that the company is valued at about $500 million, citing a person familiar with the private financial details; Nevis’s financing announcement did not confirm that valuation.
The company sells an “AI operating system” for financial advisors. Its software connects customer records, meeting notes, financial planning, proposals, signatures and custodial account-opening work, then uses AI agents to carry tasks from preparation through follow-up and paperwork completion.
How much did Nevis raise, and who led the round?
Nevis raised $70 million in Series B financing led by EQT Ventures, according to the company’s October 26, 2026 announcement. The investment takes cumulative funding to $110 million. Carolina Brochado, EQT Ventures partner and head of the firm’s venture operation, joined Nevis’s board.
| Round | Timing | Amount | Investors named in the announcement | Total funding after round |
|---|---|---|---|---|
| Series A | 2025 | $35 million | Sequoia Capital, ICONIQ and Ribbit Capital | $40 million |
| Series B | October 26, 2026 | $70 million | EQT Ventures led; Charles Schwab and QuantumLight joined as strategic investors; Sequoia Capital, ICONIQ and Ribbit Capital returned | $110 million |
Nevis was founded in 2024 by Mark Swan, Philipp Burda and Ivan Chalov, all former Revolut executives. The 2025 Series A supplied the company’s first major institutional financing; the new round is intended to fund broader product development, integrations and commercial expansion.
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Is Nevis valued at $500 million?
That figure is attributed to Fortune, which cited a person familiar with Nevis’s private financial details. It is not a valuation disclosed or confirmed in Nevis’s funding release, so it should be treated as a reported estimate rather than a company-stated term of the round.
Private-company valuations can reflect negotiated financing terms and may not equal a public-market value or a price available to ordinary investors. Nevis has not published a detailed capitalization table or the specific terms supporting the reported figure.
What does Nevis do for financial advisors?
Nevis provides enterprise software to wealth-management firms rather than a consumer app for filing forms. Its platform is designed to hold the information advisors need before, during and after client work, reducing the handoffs among separate systems.
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One workflow from meeting preparation to account opening
- Customer records: The platform brings client information into a shared operating context.
- Meeting intelligence: Advisors can use meeting preparation tools and notes to capture what was discussed.
- Financial planning and proposals: Agents help generate planning materials and client-ready proposals.
- Follow-ups and signatures: The system can produce follow-up work and route documents for electronic signatures.
- Custodial account opening: Workflows cover the paperwork and steps required to open accounts with a custodian.
EQT Ventures’ Carolina Brochado described the underlying problem as an advisor working across “about seven outdated systems to do different things within the workflow.” Nevis is positioning its product as the coordinating layer across those systems, not merely as a chatbot that drafts email.
How the automation is deployed
Nevis says its agents can prepare meetings, generate plans, complete follow-up actions, obtain signatures and assist with account opening. The Focus Financial Partners case study describes an enterprise deployment with a dedicated Nevis implementation team and end-to-end workflows that automate account opening from start to finish. The exact division between autonomous agent actions and human approval depends on a firm’s configuration and custodial processes.
What results does Nevis report?
The following figures are company-reported metrics, not an independent industry benchmark:
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| Metric | Reported result | Qualification |
|---|---|---|
| Operational work completed | More than 100,000 jobs | Nevis claim reported in 2026 coverage by The Next Web |
| Advisor time reclaimed | Up to 10 hours per advisor per week | Maximum reported by Nevis; results can vary by firm and workflow |
| Prospect meetings | 30% increase | Nevis-reported change, with no standardized third-party methodology provided |
| Represented platform assets | Increased from $50 billion to $700 billion during 2026 | Company-reported assets represented on the platform, not assets owned by Nevis |
These numbers indicate the outcomes Nevis uses to sell its software—less administrative time and more advisor capacity—but they do not establish a like-for-like performance comparison with other wealth-tech platforms.
Which wealth-management firms use Nevis?
Nevis has publicly identified Focus Financial Partners, IEQ Capital and United Capital as customers. Focus’s published case study says its deployment automates back-office processes, including account opening, across an enterprise setup supported by Nevis’s implementation team.
Focus Financial Partners says it advises more than $500 billion in assets. That figure describes Focus’s advised assets in the case-study context; it is not the same as Nevis’s reported $700 billion in represented platform assets.
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How will Nevis use the Series B money?
Nevis says it plans to expand its agents, add more custodian and wealth-technology integrations, and grow product and go-to-market teams. Strategic participation from Charles Schwab and QuantumLight gives the company investors with financial-services and technology interests, while the returning investors from Series A signal continued support from its earlier backers.
For prospective customers, the practical issue is integration depth: an implementation must connect the firm’s existing customer data, planning tools, document processes and custodial systems. Nevis’s public materials describe broad workflow coverage, but they do not provide a common implementation time, pricing schedule or independent measure of accuracy across firms.
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What should advisors evaluate before adopting an AI workflow platform?
Funding and customer names do not by themselves prove that an automation system will fit every advisory practice. A buying team should test the complete workflow in its own environment.
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- Coverage: Map the process from meeting preparation through account opening and identify which steps are actually automated.
- Integrations: Confirm support for the firm’s custodians, CRM, planning software, document storage and e-signature tools.
- Human review: Define which agent outputs require advisor approval before they reach a client or custodian.
- Auditability: Check whether the system records source data, edits, approvals and the final version of each document.
- Implementation: Ask who configures workflows, how data is migrated and what happens when a custodian changes a form or requirement.
- Measurement: Establish a baseline for processing time, error rates, accounts opened and advisor hours before judging savings.
Frequently Asked Questions
When was Nevis founded?
Mark Swan, Philipp Burda and Ivan Chalov founded Nevis in 2024 after working as executives at Revolut. The company announced its $35 million Series A in 2025.
Does Nevis manage client money?
Nevis is described as software for wealth-management firms and an operating layer for advisor workflows. The available announcements do not describe Nevis as a custodian, broker or asset manager holding client funds.
Are Nevis’s reported productivity gains independently verified?
The figures for 100,000 jobs, up to 10 hours saved weekly and a 30% increase in prospect meetings are claims from Nevis reported by technology media. The published material does not provide a standardized third-party study covering all customers.
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In the Focus deployment, Nevis supplied a dedicated team for an enterprise configuration and end-to-end account-opening workflows. The public case study does not state a universal deployment schedule or a single implementation package for every firm.
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