Nevis's $70m Series B Backs AI Wealth Workflows
Finextra reports EQT Ventures led a $70 million round for Nevis, an AI platform for wealth advisers. The sources give no valuation.
Nevis's reported $70 million Series B, led by EQT Ventures according to Finextra, is a bet on AI embedded in adviser workflows rather than standalone chatbots. Sequoia's account puts earlier funding at about $40 million, so the round would lift cumulative capital to roughly $110 million. No valuation has been disclosed in the sources reviewed.
The Ledger Desk · 3 min read- Finextra reports Nevis raised $70 million in a Series B led by EQT Ventures; no company filing confirming the round was found.
- Sequoia's own account lists a $5 million seed in 2024 and a Series A of nearly $35 million in 2025, or $40 million since inception.
- If the Series B is confirmed, cumulative funding would be roughly $110 million by simple addition of the reported figures.
- Nevis sells workflow software to registered investment advisors, connecting CRMs, email, messaging and document storage, rather than a consumer app.
- No valuation, customer count or assets-served figure appears in the sources reviewed, so none should be assumed.
Nevis has reportedly raised $70 million in a Series B led by EQT Ventures, according to Finextra. The company is building what the outlet calls an AI operating system for wealth management, and its founders are former Revolut executives. This piece rests on that report and on the account Sequoia published of its earlier backing. No company filing confirming the round was found, so the size and lead investor should be read as reported.
What the funding history shows
Sequoia's own account lists a $5 million seed round in 2024 and a Series A of nearly $35 million in 2025, with Sequoia, ICONIQ and Ribbit Capital named as investors, and puts funding since inception at $40 million. Adding the reported $70 million would bring the total to roughly $110 million, assuming nothing else was raised in between. That is our arithmetic, not a company figure, and it depends on the Series B being confirmed.
What the product does
Sequoia describes Nevis as an AI platform for registered investment advisors that connects to CRMs, email, messaging apps and document storage to handle meeting preparation, performance reporting and account updates. Finextra calls it an AI operating system for wealth management. Both descriptions point to workflow software for advisory firms rather than a consumer product, though neither source says how the platform handles custody data, supervision records or compliance review.
What remains unconfirmed
The Series B size and lead investor rest on a single Finextra report, and no company filing or first-party statement was found. No valuation, full investor list, customer count or assets-served figure appears in the sources reviewed. Until Nevis or its investors publish those details, the round should be read as reported, and any claim about traction or valuation should be treated as unconfirmed.
What this means for readers: treat the $70 million as a reported figure until a first-party document confirms it, and watch for a valuation disclosure and for detail on how the platform meets advisers' record-keeping and supervision duties.
- How much did Nevis raise and who led the round?
- Finextra reports that Nevis raised $70 million in a Series B led by EQT Ventures. The report does not give a valuation or a full investor list.
- What does Nevis build?
- Finextra calls it an AI operating system for wealth management. Sequoia describes an AI platform for registered investment advisors that connects to CRMs, email, messaging apps and document storage.
- Who founded Nevis?
- Sequoia names Mark Swan as CEO, Philipp Burda as CPO and Ivan Chalov as COO, all of whom previously worked at Revolut.
- What did Nevis raise before this round?
- Sequoia says it invested in a $5 million seed in 2024 and in a Series A of nearly $35 million in 2025 alongside ICONIQ and Ribbit Capital. It puts total funding since inception at $40 million.