Nevis, the AI platform built specifically for wealth management, has officially launched with a total of $40 million raised in under a year.
The latest $35 million Series A round comes from Sequoia Capital, ICONIQ and Ribbit Capital, marking a strong endorsement from three of the most influential investors in technology and fintech.
The company is the first unified AI system designed to automate the operational workload of wealth advisors. The platform handles meeting preparation, client follow ups, account openings and ongoing service tasks, allowing advisors to focus on clients and firm growth rather than admin.
The company already supports RIAs managing more than $50 billion in assets, with new firms joining at a rapid pace.
Solving Capacity Challenges Across a Growing Industry
The startup was founded with a core belief: wealth management will always be human led.
Clients rely on advisors for trust, judgment and personal guidance. But demand for professional advice is outpacing the industry’s capacity. Wealth is growing faster than the advisor population, and households with over $500,000 in investable assets are expanding eight times faster than the general population.
At the same time, advisors are constrained by manual processes. Many spend up to 80 percent of their time on administrative tasks across fragmented systems, slowing growth, increasing operating costs and limiting access to high quality advice for millions of families.
Nevis was founded in 2024 by Mark Swan, Philipp Burda and Ivan Chalov to remove those constraints and redesign the technology foundation advisors rely on.
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Why Wealth Firms Are Choosing Nevis
Nevis is now used by some of the fastest growing advisory firms in the US from national RIAs with hundreds of advisors to multi family offices serving ultra high net worth clients.
What they share is the need to scale efficiently without sacrificing the quality of their service.
Early customers highlight the platform’s depth its AI native approach and its ability to connect complex tech stacks:
“We’ve explored every so called ‘AI wealth tech,’ but Nevis is the only platform that reimagines the advisor experience from the ground up.”
— Dave Breslin, EVP, GC Wealth
“Nevis will transform our technology stack with AI enabled capabilities that materially improve how we work and serve clients.”
— Jim Rivers, President, United Capital
“Nevis approaches the biggest challenges in wealth management from a completely new angle. Their leadership’s global operational experience is unmatched.”
— Brad Goodman, COO, Apollon Wealth Management
“The depth of the workflow automation and their understanding of complex, multi system data challenges is exactly what RIAs need.”
— Michael Dodds, President, Dodds Wealth
Backed by World Class Investors
Nevis is supported by three of the strongest firms in technology and finance:
- Sequoia Capital, known for backing Apple, Google, Airbnb, Stripe and NVIDIA
- Ribbit Capital, the global leader in fintech investing with companies like Robinhood, Coinbase, Nubank and Revolut
- ICONIQ, combining top tier venture experience with deep expertise in wealth management
Their partnership gives Nevis both industry guidance and the operational backing to scale quickly.
Just the Beginning
The launch marks a major step for Nevis, but the company says it is only at the start of its journey.
The team is building the next generation of tools for modern wealth management firms aiming to dramatically increase advisor capacity and eliminate administrative bottlenecks.
Nevis is now expanding and partnering with RIAs that want to modernize their tech stack and deliver exceptional advisory experiences.
About Nevis
Nevis is an AI platform built to automate operational work for wealth advisors. By connecting firm systems and managing workflows end to end, Nevis frees advisors from administrative tasks so they can focus on clients and growth. The company supports RIAs across the US and continues to expand rapidly.
