{"version":1,"type":"story","url":"https://digestai.news/story/nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source","json":"https://digestai.news/story/nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source.json","markdown":"https://digestai.news/story/nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source.md","slug":"nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source","headline":"Nevis raises $70M Series B led by EQT Ventures, valued at $500M, a source says","summary":"Nevis, a 70‑person startup founded by former Revolut executives, announced it had raised $70 million in a Series B round led by EQT Ventures. The funding brings the company’s valuation to $500 million, according to a source who requested anonymity. The round also added investors QuantumLight, Charles Schwab Corp., Sequoia Capital, Iconiq and Ribbit Capital, and will see EQT partner Carolina Brochado join Nevis’s board.\n\nNevis builds AI agents that automate paperwork and routine tasks for financial advisors, freeing up time for client work. The company says its platform has helped advisory firms grow assets under management from $50 billion to $700 billion, adding roughly $75 billion each month.\n\nNevis’s CEO Mark Swan says the platform replaces the seven outdated systems many advisors use, allowing them to focus on higher‑value client interactions.","keyPoints":["$70 million Series B led by EQT Ventures values Nevis at $500 million.","Nevis’s AI platform grew assets from $50 billion to $700 billion, adding ~$75 billion monthly.","The company serves ~20 advisors, including Focus Financial Partners, IEQ Capital and United Capital."],"whyItMatters":null,"category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Nevis","EQT Ventures","QuantumLight","Charles Schwab Corp.","Sequoia Capital","Ribbit Capital"],"models":[],"people":["Mark Swan","Philipp Burda","Ivan Chalov","Carolina Brochado"]},"firstPublishedAt":"2026-10-26T15:55:00Z","updatedAt":"2026-10-26T16:05:11Z","sourceCount":2,"hasPrimarySource":false,"sources":[{"outlet":"fortune.com","title":"Nevis, which uses AI to automate paperwork for financial advisors, raised a $70M Series B led by EQT Ventures, a source says at a $500M valuation","url":"https://fortune.com/2026/10/26/former-revolut-execs-70-million-financial-advisor-shortage","publishedAt":"2026-10-26T15:55:00Z","type":"press","primary":false,"lead":true},{"outlet":"Unite.AI","title":"Nevis Lands $70M Series B to Build Out AI Agents for Financial Advisors","url":"https://unite.ai/nevis-lands-70m-series-b-to-build-out-ai-agents-for-financial-advisors","publishedAt":"2026-10-26T16:05:11Z","type":"press","primary":false,"lead":false}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Nevis raises $70M Series B led by EQT Ventures, valued at $500M, a source says\", 26 October 2026, https://digestai.news/story/nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source","publisher":"Digest AI","title":"Nevis raises $70M Series B led by EQT Ventures, valued at $500M, a source says","datePublished":"2026-10-26T15:55:00Z","url":"https://digestai.news/story/nevis-raises-70m-series-b-led-by-eqt-ventures-valued-at-500m-a-source"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}