Nevis raises $70 million Series B to automate wealth-management operations
EQT Ventures led the round for the New York startup, which builds AI tools for advisors’ CRM, planning and custodial workflows.
Nevis announced October 26 that it raised a $70 million Series B led by EQT Ventures. The company said the round brings its total funding to $110 million.
Nevis builds an AI operating system for wealth-management firms and advisors, with tools for CRM administration, financial planning and custodial workflows. New investors Charles Schwab and QuantumLight joined existing backers including Sequoia Capital, ICONIQ and Ribbit Capital, according to the company.
The platform targets the administrative work surrounding advice rather than replacing an advisor’s regulated relationship with a client. Automation in those workflows still requires permissioning, data accuracy, auditability and human review, particularly where outputs affect client records or financial plans.
The company said the financing will support product and team expansion. It did not disclose a post-money valuation or customer-level operating metrics in the announcement.