WealthTech Startup Nevis Secures $35M to Expand AI-Powered Advisor Platform 

Nevis, an AI platform transforming wealth management operations, has raised $35 million in a Series A round led by Sequoia Capital, with participation from ICONIQ and Ribbit Capital. The funding brings Nevis’s total capital raised to $40 million, achieved less than a year after the company’s founding. 

The platform offers end-to-end automation tools for financial advisors, streamlining administrative workflows that historically demanded extensive manual effort. Nevis’s technology supports some of the fastest-growing registered investment advisors (RIAs) in the United States, collectively managing over $50 billion in client assets. 

“We’re building a future where every financial advisor is supported by an AI platform capable of completing operational tasks from start to finish,” said Mark Swan, CEO of Nevis. “From preparing for client meetings to opening custodian accounts, Nevis eliminates inefficiencies so advisors can focus on what matters most: delivering exceptional client service and growing their business.” 

Nevis’s customers range from large national RIAs serving high-net-worth clients, such as United Capital and Apollon Wealth Management, to boutique firms specializing in ultra-high-net-worth families, including GC Wealth. 

Founded by CEO Mark Swan, Chief Product Officer Philipp Burda, and COO Ivan Chalov—all former executives at digital bank Revolut—Nevis is rapidly scaling to meet demand for AI-driven advisor tools. As part of the round, Sequoia partner Luciana Lixandru will join the company’s board.