Meta description: Nevis secures $35 million Series A funding led by Sequoia Capital to expand its AI-driven wealth management platform and support U.S. market growth.
Nevis, a New York-based provider of AI-powered solutions for wealth management firms, has closed a $35 million Series A investment. The round was led by Sequoia Capital with ICONIQ and Ribbit Capital also participating. The new capital will be directed toward expanding the platform, enhancing product capabilities, and onboarding additional wealth management clients.
What are the key funding details?
The Series A round totaled $35 million and closed in December 2025. Sequoia Capital took the lead with participation from ICONIQ and Ribbit Capital. The funding follows Nevis’ founding earlier in 2024 by Mark Swan, Philipp Burda, and Ivan Chalov with the goal of modernizing advisor workflows through automation.
The company operates within the financial technology segment, offering AI services that automate core administrative tasks for wealth managers. The targeted outcomes include higher efficiency, improved client experience, and scalability for firms managing significant assets. Nevis reports its client base already manages more than $50 billion in assets across some of the largest wealth management operations in the United States.
Who invested in this round?
Sequoia Capital served as the lead investor in the Series A. Known for backing early to growth-stage technology ventures, Sequoia brings strategic guidance and a track record in scaling innovative platforms. Luciana Lixandru from Sequoia will join Nevis’ board, adding operational and market insight during this growth phase.
The round also included ICONIQ, which manages assets for prominent figures and has a history in growth-oriented investments, and Ribbit Capital, a fintech-focused investor with prior experience in transforming financial services companies.
What does this mean for growth?
With additional resources, Nevis plans to enhance its suite of AI-powered tools. These allow advisors to automate meeting summaries, generate client briefs, streamline data search, and personalize client communications. Integration of these features aims to reduce time spent on non-revenue activities, letting firms service more clients without increasing headcount.
The funding also supports broader market penetration in the United States. By onboarding more firms, Nevis positions itself to capture a larger portion of the technology spend in the wealth management sector, a market increasingly looking to AI for operational improvements.
For investors, this round indicates confidence in the scalability of Nevis’ model. It also shows growing interest in fintech solutions that address specific operational pain points in wealth management.
FAQ
1. When was Nevis founded?
Nevis was founded in 2024.
2. How much did Nevis raise in its Series A?
The company raised $35 million in December 2025.
3. Who were the main investors?
Sequoia Capital led the round with ICONIQ and Ribbit Capital participating.
4. What will the funding be used for?
Funds will support product development, platform expansion, and onboarding of wealth management firms.
5. How much in assets do Nevis’ clients manage?
Over $50 billion in client assets.
Conclusion
Nevis’ $35 million Series A marks a significant early milestone in scaling AI-driven automation for wealth managers. With leading venture firms backing the vision, the company enters a critical phase of execution and market expansion. Founders and investors should watch how Nevis applies its resources, as the platform’s adoption could influence best practices across the sector.
Disclaimer
This content is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making financial decisions.