Nevis, which is building an AI operating system for wealth management, has closed a $70 million Series B led by EQT Ventures, with participation from Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital. The round brings total funding to $110 million two years after the company was founded by CEO Mark Swan, alongside co-founders Philipp and Ivan.
The platform unites CRM, meeting intelligence, financial planning and custodial workflows, with AI agents completing operational work end to end. Swan said advice will always be human-led and that AI should empower advisors rather than replace them. Advisors using Nevis reclaim up to 10 hours a week and open client accounts in days instead of weeks. Assets on the platform have grown from $50 billion to over $700 billion in a year, revenue has risen more than 25 times, and its agents have completed over 100,000 tasks for clients including Focus Financial Partners and IEQ Capital.
Carolina Brochado, Partner and Head of EQT Ventures, joins the board and said Nevis is helping firms address a growing advisor capacity gap. Jon Beatty, Head of Schwab Advisor Services, said the partnership will help advisors use AI to increase capacity. QuantumLight was founded by Revolut CEO Nik Storonsky.
The funding will accelerate development of Nevis’s AI agents across the wealth management technology stack.
