Nevis Raises $70M Series B Led by EQT Ventures to Expand AI Platform for Wealth Management
Article excerpt
Nevis, a New York-based developer of artificial intelligence software for wealth management firms, has raised $70 million in Series B financing led by EQT Ventures, bringing its total funding to $110 million since its founding in 2024. The round included new strategic investors The Charles Schwab Corporation and QuantumLight, the investment fund founded by Revolut CEO Nik Storonsky. Existing investors Sequoia Capital, ICONIQ and Ribbit Capital also increased their commitments. The financing comes amid rapid growth for Nevis, which reported a more than 25-fold increase in revenue during 2026. Assets represented on its platform increased from $50 billion to $700 billion over the same period, with approximately $75 billion in additional assets being added monthly at its current pace. Nevis develops an AI-powered operating system designed to automate administrative and operational tasks for registered investment advisers (RIAs) and wealth management firms. Its platform integrates customer relationship management, meeting intelligence, financial planning and custodial workflows, allowing AI agents to complete tasks that would otherwise require manual intervention by financial advisers and support teams. The company plans to use the new capital to expand its AI agent capabilities, strengthen integrations with custodians and wealth management technology providers, and grow its...
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Its investment and partnership with Nevis are intended to expand access to AI-enabled capabilities for advisory firms.
