Nevis Raises $40M to Launch Unified AI Platform for Wealth Management

Nevis formally launched its unified AI platform for wealth management and disclosed $35 million in Series A funding from Sequoia Capital, ICONIQ and Ribbit Capital, bringing total investment to $40 million in under a year. The company aims to remove administrative work that slows advisory firms, positioning its system as an engine for meeting preparation, client follow-ups, account openings and service tasks. Nevis reports that it already supports RIAs overseeing more than $50 billion in assets and is onboarding new customers quickly.

The firm was founded by Mark Swan, Philipp Burda and Ivan Chalov, who built the platform around the view that advisors are limited by fragmented tools and manual workflows. Swan says many advisors spend most of their day on administrative or operational obligations, restricting capacity and making it harder for firms to meet rising demand for professional advice. Nevis is designed to address these bottlenecks by automating process-heavy tasks and stitching together information that typically lives across dozens of systems.

Early customers include national RIAs, multi-family offices and firms focused on ultra-high-net-worth households. Leaders at GC Wealth, United Capital, Apollon Wealth Management and Dodds Wealth cited workflow automation, system integration and operational efficiency as primary reasons for choosing the platform. While not positioned as a compliance solution, firms also pointed to its potential to reduce risk created by inconsistent manual processes. With new funding and backing from well-known venture investors, Nevis plans to expand its platform and accelerate growth.

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