Nevis Raises €62 Mn Led by EQT Ventures to Advance AI in Wealth Management

The funding will also help Nevis build more integrations with custodians and other WealthTech companies. The company also plans to grow its product development and go-to-market teams.

The round was led by EQT Ventures. With this latest investment, Nevis has raised a total of €98 million ($110 million) in just two years since its founding.

New strategic investors include The Charles Schwab Corporation and QuantumLight, the investment fund of Revolut founder and CEO Nik Storonsky. Existing investors, including Sequoia Capital, ICONIQ, and Ribbit Capital, also increased their investments in the company.

“Our customers measure Nevis in business results: more client calls, hours back every week, and accounts opened every day. Nevis agents finish the work, so every advisor can give every client the white-glove attention of a full-service team,” says Mark Swan, CEO and co-founder of Nevis. “We’re proud to have investors who see this industry from the inside backing our work to make AI agents core infrastructure for advisory firms.”

“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,” adds Carolina Brochado, Partner and Head of EQT Ventures.

“We’ve built an AI ecosystem that gives advisors greater choice and access to capabilities that can help them run and grow their firms,” says Jon Beatty, head of Schwab Advisor Services. “Our investment in and partnership with Nevis expands that ecosystem, helping advisors harness AI to operate more efficiently, increase their capacity and ultimately serve more investors.”

Founded in 2024, Nevis was started by Mark Swan, Philipp Burda, and Ivan Chalov. The company develops AI tools that help financial advisors automate administrative tasks and save time.

Nevis serves customers who collectively manage more than €625 billion ($700 billion) in client assets. Its platform brings together customer relationship management (CRM), meeting intelligence, financial planning, and custodian-related workflows in one place.

The platform uses AI agents to handle routine operational tasks from start to finish. So far, Nevis’ AI agents have completed more than 100,000 operational tasks, helping financial advisors manage their work more efficiently.

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