Nevis Raises $70 Million Series B to Build an AI Operating System for Wealth Management
EQT Ventures led the round at a reported $500 million valuation, with Charles Schwab and QuantumLight joining existing investors in the New York fintech.
NEW YORK — New York fintech Nevis announced on Oct. 26, 2026 that it raised $70 million in Series B funding led by EQT Ventures. Charles Schwab and QuantumLight joined existing backers including Sequoia Capital, ICONIQ and Ribbit Capital, according to the company.
Nevis describes its product as an AI operating system for wealth management that automates operational workflows and financial-planning tasks for advisors. The company says the round brings total funding to $110 million and values the business at $500 million.
A wealth-management AI system has to work within an advisor’s existing records, suitability processes and client communications. Automation may reduce administrative work, but recommendations and generated documents still require review, controls and a clear record of how client information was used.
The valuation and funding totals are private-market figures reported in connection with the financing, not independent measures of revenue or profitability. Nevis has more capital to expand its platform, while its commercial test will be whether advisors adopt the software without compromising accuracy, privacy or fiduciary responsibilities.