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Nevis raises $70 million Series B led by EQT Ventures
Nevis said it raised a $70 million Series B led by EQT Ventures. Fortune, citing a person familiar, put the valuation at $500 million.
Nevis, a New York startup building AI software for wealth-management firms, said Monday it had raised a $70 million Series B led by EQT Ventures1.
Fortune, citing a person familiar with the matter who requested anonymity, said the round valued the company at $500 million1. Nevis’s own announcement did not state a valuation.
The company post from CEO Mark Swan listed new and returning investors as Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital, and said total funding is $110 million. Fortune reported the same investor names and total1. The Next Web said Nevis came out of stealth in December 2025 with $40 million.
Swan, Philipp Burda and Ivan Chalov, former Revolut executives, founded Nevis in 2024, Fortune reported1. Swan wrote that Carolina Brochado, partner and head of EQT Ventures, will join the board. Fortune also reported that appointment1.
Nevis said it supports firms representing more than $700 billion in assets, up from $50 billion, and that it is adding about $75 billion a month. Fortune attributed those figures to the startup1. Independent verification of the asset figures was not in the reports reviewed1.
Fortune described Nevis as a roughly 70-person company using AI to take paperwork and other routine tasks off advisors’ plates1. The company said its agents complete operational work across CRM, meeting intelligence, planning and custodial workflows.
Use of proceeds was described in general terms as continuing to build the software and, in The Next Web’s account of company plans, adding agent features, more integrations and product and sales hiring1.
