Nevis raises $40 million

Nevis , an AI platform designed to handle operational work for financial advisors, announced a $35 million Series A led by Sequoia Capital with participation from ICONIQ and Ribbit Capital. The round brings the company’s total funding to $40 million.

Founded in 2024, Nevis offers a unified workflow system that automates meeting prep, follow-ups, account openings and ongoing service tasks. The platform is used by RIAs managing more than $50 billion in assets.

Nevis says advisors are constrained by fragmented tools and manual processes, and that demand for financial advice is growing faster than the advisor workforce. The company positions its platform as a way for firms to scale capacity without adding headcount.

Existing customers include national RIAs and multi-family offices. The company was founded by CEO Mark Swan, Philipp Burda and Ivan Chalov.