How much has Nevis raised in total?

The $70 million Series B brings Nevis's total funding to $110 million.

Who are Nevis's customers?

Nevis has roughly 20 customers, including Focus Financial Partners, IEQ Capital, and United Capital.

What problem does Nevis solve for advisors?

An average advisor deals with about seven outdated systems for different tasks, and Nevis consolidates those into one platform, according to EQT Ventures partner Carolina Brochado.

AI Business & IndustryAI Weekly2h agoOct 27, 2026, 06:00 JST

Nevis raises $70M Series B at reported $500M valuation

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3 Key Points

What happened
Nevis raised a $70 million Series B led by EQT Ventures at a reported $500 million valuation, bringing total funding to $110 million; QuantumLight and Charles Schwab Corp. joined existing backers Sequoia Capital, Iconiq, and Ribbit Capital.
Why it matters
The reported valuation and the list of new and returning investors signal that backers see a sizable market for software that automates the fragmented paperwork and workflows of financial advisors.

WHO IT HITSFinancial advisory firms and their operations teams, who currently juggle about seven outdated systems per advisor, stand to gain from a single platform that consolidates those workflows.

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Context & Analysis

Nevis was founded in October 2024 by three former Revolut executives: CEO Mark Swan, who led global strategy and operations; Philipp Burda, who headed AI; and Ivan Chalov, who ran consumer retail. That leadership background in building digital financial products appears to have helped the company attract both customers and capital quickly. The funding lands amid a steady run of agentic-software raises; a funding tracker has logged 419 AI financings in the past 90 days. The reported $500 million valuation comes from an anonymous source familiar with the matter, not from the company itself, so the figure should be treated as unconfirmed.

FAQ

How much has Nevis raised in total?: The $70 million Series B brings Nevis's total funding to $110 million.
Who are Nevis's customers?: Nevis has roughly 20 customers, including Focus Financial Partners, IEQ Capital, and United Capital.
What problem does Nevis solve for advisors?: An average advisor deals with about seven outdated systems for different tasks, and Nevis consolidates those into one platform, according to EQT Ventures partner Carolina Brochado.

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