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Nevis Raises $70 Million Series B to Grow its AI Operating System for Wealth Management

Business Wire

Led by EQT Ventures, alongside Schwab, QuantumLight, and all returning investors, as assets on the platform grow from $50 billion to $700 billion in 2026

NEW YORK, October 26, 2026--Nevis, the AI operating system for wealth management, today announced its $70 million Series B led by EQT Ventures, bringing total funding to $110 million in two years since founding. New strategic investors in the round include The Charles Schwab Corporation, which serves more than 48 million client accounts, $13 trillion in total client assets and supports more than 17,000 independent RIAs; and QuantumLight, the fund of Revolut founder and CEO Nik Storonsky. All existing investors, including Sequoia Capital, ICONIQ and Ribbit Capital, have also expanded their commitments in this new round.

The funding coincides with a period of rapid growth for the company, driven by the measurable results Nevis has delivered for its customers. In 2026, Nevis has grown revenue more than 25x. In the same period, assets on the platform grew from $50 billion to $700 billion, at a current run rate of $75 billion new assets added each month. Customers include some of the largest and fastest-growing firms in the U.S., among them Focus Financial Partners, IEQ Capital and United Capital.

As part of the investment, Carolina Brochado, Partner and Head of EQT Ventures, will join Nevis' Board of Directors, with Kaushik Subramanian, Partner at EQT Ventures, joining as Board Observer. Having followed the founders' journey since the company's early days, EQT Ventures brings deep experience and a global network across wealth management and financial services to support Nevis' next phase of growth.

"Mark, Philipp and Ivan have built an exceptional AI platform at a time when wealth management faces a growing capacity gap, with advisors retiring as demand for advice rises. Nevis is helping firms serve more clients and scale efficiently. We're excited to bring EQT's network across wealth management and financial services to support their growth and ambition to become the foundational AI platform for the industry," said Carolina Brochado, Partner and Head of EQT Ventures.

Nevis is transforming how wealth management firms operate, enabling financial advisors to serve more clients, take more prospect meetings, deliver a broader range of services, and build deeper client relationships. By bringing CRM, meeting intelligence, financial planning, and custodial workflows together in a single AI platform, Nevis agents handle operational work end-to-end, giving advisors more time to focus on clients and enabling firms to scale faster than ever before.

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