Nevis Series B Funds AI Agents for Advisors

Nevis, a startup building an AI operating system for wealth management, has raised a 70 million dollar Series B round led by EQT Ventures. The announcement, shared in a company blog post on October 26, 2026, brings the company's total funding to 110 million dollars in the two years since its founding.

Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital also took part in the round, according to coverage of the announcement by Unite.AI. The breadth of that investor list is notable: it pairs venture firms with a strategic investor in Schwab, whose advisor business touches a large share of the independent wealth management market.

Nevis describes its platform as a single place where customer relationship management, meeting intelligence, financial planning and custodial workflows come together. AI agents built on that platform complete operational work from start to finish, the company says, so advisors can spend more time with clients and less time moving information between disconnected systems.

What Nevis Series B money is meant to build

Chief executive and co-founder Mark Swan wrote that the new capital will speed up development of the company's AI agents and extend the platform across the wealth management technology stack. The stated ambition is large: Nevis wants to become the operating system for the global wealth management industry.

That ambition rests on a founding argument Swan laid out in the blog post. He and his co-founders, Philipp and Ivan, started Nevis around three beliefs. The first is that financial advice stays human-led, and that AI should empower advisors rather than replace them. The second is that the industry's existing technology was fragmented, leaving advisors to navigate dozens of disconnected systems while early AI tools added only narrow fixes such as meeting note-takers and document parsers.

The third belief is that the greatest opportunity lies in one integrated platform connecting a firm's data, systems and workflows. On such a platform, AI agents can carry operational work through to completion while advisors focus on clients, advice and growth. That is the gap Nevis Series B funding is meant to close at larger scale.

The company's reported traction gives the pitch some weight, though the figures come from Nevis itself. Advisors using the platform reclaim up to 10 hours every week, according to the company, and take 30 percent more prospect meetings. Financial plans and proposals are generated in minutes, and client accounts open in days instead of weeks.

Why Schwab's backing changes the picture

Strategic investors matter in wealth management because distribution runs through custodians and platforms advisors already use. Charles Schwab joins the round as a strategic investor, and the announcement states that Schwab supports more than 17,000 independent registered investment advisors.

According to the announcement, the deepened partnership will extend Nevis agents across Schwab's custodial infrastructure, adding new automations for advisors and their firms. Jon Beatty, head of Schwab Advisor Services, said the investment expands an AI ecosystem intended to give advisors greater choice and access to capabilities that help them run and grow their firms.

EQT Ventures led the round, and Carolina Brochado, a partner and head of EQT Ventures, joins the Nevis board of directors. Kaushik Subramanian joins as a board observer. Brochado said in the announcement that Nevis is helping firms serve more clients and scale efficiently at a time when advisors are retiring even as demand for advice rises.

QuantumLight, the venture firm founded by Revolut founder Nik Storonsky, also joined the round. Swan wrote that he knows Storonsky from their time at Revolut, where they saw what it takes to build and scale a financial technology company. Sequoia Capital, ICONIQ and Ribbit Capital each increased their investment in the round.

Agents doing operations, not just answering questions

The Nevis round fits a wider pattern in enterprise AI this year: agents moving from answering questions to completing operational work inside the systems where companies already operate. Recent coverage here has followed that shift in other sectors, including Verovia Industrial AI bringing agents to factory floors and Oracle's AI Success Navigator putting agents on cloud setup. Wealth management is a natural next stop, because so much advisor time goes to paperwork that spans many systems.

Nevis says its customers represent more than 700 billion dollars in assets, up from 50 billion dollars, and that the platform is now adding 75 billion dollars every month. Revenue has grown more than 25 times, the company reports, and its AI agents have completed over 100,000 operational tasks. The company employs 70 people.

Those numbers should be read with the usual caution for company-reported growth: they are claims from a fundraising announcement, not audited results. Even so, the combination of a large strategic investor, a board seat for the lead investor and a stated focus on end-to-end operational work makes this round one to watch for anyone tracking where AI agents go from pilot projects to daily infrastructure.

For advisors, the test will be practical rather than promotional. If agents genuinely clear hours of operational work each week without creating new compliance headaches, the platform earns its place. If they only add another dashboard to check, firms will notice quickly. The full account of the round is set out by Unite.AI.