Nevis raises $70M Series B for AI-driven wealth management platform

Series B funding and investors

Nevis, a New York-based startup building AI software for wealth management firms, has raised $70 million in a Series B funding round led by EQT Ventures. The round also included new investors Charles Schwab and QuantumLight, alongside participation from existing backers Sequoia Capital, ICONIQ, and Ribbit Capital. This brings Nevis’s total funding to $110 million.

Carolina Brochado, head of EQT Ventures, will join Nevis’s board as part of the deal. The funding will support the expansion of Nevis’s AI platform, including new features, integrations with additional custodians and wealth software, and hiring for product and sales teams.

Founders and platform capabilities

Nevis was founded in late 2024 by three former Revolut executives: Mark Swan (CEO), Philipp Burda (Chief Product Officer), and Ivan Chalov (COO). The startup emerged from stealth in December 2025 with $40 million in funding, including a $35 million Series A led by Sequoia Capital.

The company’s AI platform consolidates customer records, meeting notes, financial planning, and account paperwork into a single interface. AI agents on the platform automate routine tasks for wealth advisers, such as preparing financial plans and opening client accounts. According to the company, these agents have completed over 100,000 tasks to date.

Nevis reports that advisers using its platform can save up to 10 hours per week and hold 30% more meetings with potential clients. Client assets managed through the platform have grown from $50 billion to $700 billion, with Nevis now adding approximately $75 billion in client assets monthly.

Market relevance and customer base

Nevis’s customers include prominent wealth management firms such as Focus Financial Partners, IEQ Capital, and United Capital. The platform’s rapid growth reflects increasing demand for AI-driven tools in wealth management, particularly those that streamline operations and enhance adviser productivity.

The involvement of Charles Schwab, a major player in the wealth management space, signals growing institutional interest in AI solutions. While Schwab has previously blocked external AI agents like Meta’s Muse from moving client funds, its investment in Nevis suggests a strategic shift toward offering AI tools tailored for advisers.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

Nevis’s $70 million Series B round underscores the accelerating adoption of AI in wealth management—a sector where efficiency and scalability are critical. For founders and operators in fintech and AI, this deal signals two key trends:

First, the wealth management industry is increasingly open to AI tools that automate routine tasks, freeing up advisers to focus on high-value client interactions. Nevis’s claim of saving advisers 10 hours per week and boosting meeting capacity by 30% demonstrates the tangible impact of such platforms. Startups in adjacent spaces, such as financial planning or advisory software, may find opportunities to integrate AI-driven automation to compete or complement Nevis’s offerings.

Second, the involvement of Charles Schwab—a conservative but influential player—highlights how even traditional financial institutions are warming to AI, provided it aligns with their risk and compliance frameworks. This could encourage other incumbents to explore similar partnerships or investments, creating a ripple effect across the industry.

The funding also reflects investor confidence in AI-driven fintech, particularly for startups with strong founding teams (like Nevis’s Revolut alumni) and clear traction. For founders, Nevis’s growth—from $50 billion to $700 billion in managed assets—serves as a case study in how AI can scale business metrics quickly when applied to a specific pain point.

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