$70m · Series B · AI · London, UK
London-based Nevis, which builds an AI operating system for wealth-management firms, has raised $70m in Series B funding led by EQT Ventures. Charles Schwab and QuantumLight joined as strategic investors, while Sequoia Capital, ICONIQ and Ribbit Capital increased their commitments. Nevis says the capital will expand its AI agents, deepen integrations across custodians and wealth-technology systems, and grow its product and go-to-market teams.
From meeting notes to completed workflows
Nevis brings CRM, meeting intelligence, financial planning and custodial workflows into one platform. Its agents are designed to complete operational work end to end, including preparing meetings, generating plans and proposals, opening accounts, moving money and updating connected systems. The commercial proposition is not simply faster drafting: Nevis is trying to become the operating layer that carries work between the systems an adviser already uses.
That approach matters because administrative capacity limits how many households an adviser can serve. Nevis reports that customers reclaim up to ten hours a week, take 30% more prospect meetings and shorten account opening from weeks to days. Those are company-reported outcomes, but they describe a measurable route from automation to revenue: less manual coordination can create more time for client meetings and new business without requiring the firm to add staff at the same rate.
Strategic capital meets distribution
The company says firms using Nevis now represent more than $700bn in assets, up from $50bn during 2026, and that revenue has grown more than 25 times while its agents have completed over 100,000 operational tasks. Named customers include Focus Financial Partners, IEQ Capital and United Capital. For a workflow platform selling into regulated firms, those deployments matter because integrations, data controls and implementation quality are as important as model performance.
Charles Schwab's participation adds an operational relationship to the financing. Schwab supports more than 17,000 independent registered investment advisers, and Nevis says the partnership can extend its agents across Schwab's custodial infrastructure. If those integrations make routine processes repeatable across firms, Nevis can reduce deployment friction and reach advisers through systems they already trust. The execution test is whether it can preserve auditability, data protection and human oversight as agents take on more consequential work.
The $70m round brings company-disclosed total funding to $110m since Nevis launched in late 2024. EQT Ventures partner Carolina Brochado will join the board, with partner Kaushik Subramanian becoming a board observer. The financing gives the 70-person company room to widen the product stack, but the more important milestone will be converting its rapid asset and revenue growth into repeatable, controlled deployments across large wealth managers.
Sources checked:
Nevis company announcement · Business Wire release · Tech.eu Funding Explorer
