Nevis Raises $35M to Scale AI Platform for Financial Advisors

Nevis, a purpose-built AI platform for financial advisors, has raised $35 million in a Series A round led by Sequoia Capital, ICONIQ and Ribbit Capital, bringing its total funding to $40 million within a year. The funding marks one of the most significant early-stage raises in the US wealthtech sector, underscoring the growing urgency for next-generation automation tools as financial advisory firms struggle with rising demand and growing administrative burden.

Unlike many early-stage AI startups still building their product foundations, Nevis has already launched its platform, onboarded registered investment advisory (RIA) firms managing more than $50 billion in assets and demonstrated strong early traction. With this new capital, the company plans to scale its AI infrastructure, deepen product capabilities and expand adoption across the US wealth management industry.

A Platform Built to Solve Wealth Management’s Biggest Bottleneck

At the core of Nevis is a simple but industry-defining belief:Financial advice will always be human-led, but advisors need AI to unlock capacity. Today, more than 50 million Americans seek financial advice every year. At the same time, personal wealth in the United States is growing at historic rates. Households with more than $500,000 in investable assets are expanding 8× faster than the population. Yet the supply of financial advisors is not keeping pace.

This widening gap creates a structural strain on the industry. According to Nevis, advisors spend up to 80% of their working hours on administrative tasks, meeting prep, follow-ups, documentation, service requests, form handling, custodian workflows and repetitive operational tasks that consume time but aren’t client-facing.

Nevis was created to eliminate that friction.

The platform automates entire operational workflows end-to-end, allowing advisors and their teams to offload administrative load and redirect their time toward what matters most: client service, relationship building and firm growth. According to CEO and co-founder Ozan Sonmez, this is the inflection point the industry has been waiting for: “Advisors want to spend more time with clients, but today’s fragmented tools and manual workflows hold them back. Nevis is built to help advisors complete operational work end-to-end so they can scale without sacrificing service.”

Founded to Solve a Problem That Has Reached Breaking Point

Nevis was founded by Ozan Sonmez, Philipp Burda and Ivan Chalov, who collectively saw a widening operational crisis in wealth management across advisory firms of all sizes. While financial advice remains deeply human, the systems surrounding it: the forms, the workflows, the documentation, the compliance requirements have not kept pace with the rising complexity of the modern wealth landscape.

The founders estimate that advisors will need to double their capacity in the coming decade just to meet demand. Yet adding headcount alone will not solve the problem. Fragmented systems, repetitive admin tasks and volume-heavy workflows are already slowing down firms and inflating cost-to-serve. Nevis was built to provide the AI-native operating system the industry has been missing.

A Unified AI Platform Purpose-Built for Wealth Management

Nevis positions itself as the first unified AI workflow automation platform designed specifically for financial advisors and not a generic LLM tool, not a consumer robo-advisor and definitely not an incremental point solution. It operates across every stage of the advisory workflow:

• Meeting Preparation: Automatically synthesizes client data, documents, portfolio changes and relevant updates into meeting-ready summaries.
• Client Follow-Ups: Drafts and structures all follow-up tasks, communications, action items and compliance notes.
• Account Opening & Custodian Workflows: Automates form handling, paperwork coordination and custodian processes.
• Ongoing Service Requests: Manages the constant flow of service tasks that advisors juggle daily.
• Team-Level Productivity: Coordinates tasks across operational, client service and advisor teams.

The platform is designed to connect, orchestrate and automate what today feels like a patchwork of disconnected tools.

Nevis is Backed by the World’s Most Powerful Investors in AI and Fintech

The raise features three of the most influential names in global venture capital which are Sequoia Capital, ICONIQ Growth and Ribbit Capital. This combination of investors signals strong belief in both the scale of the problem and Nevis’s approach to solving it.

Sequoia partner statements emphasize that Nevis is not just automating tasks, it is creating a new category of “AI-powered advisor operations.” Ribbit described the company as a pivotal part of “the next generation of financial advisory infrastructure.”

Nevis is a Platform Designed for Human-Led Advice, Not AI-Led Replacement

Nevis’s worldview counters a common misconception: that AI will replace financial advisors.

Their stance is clear: “Financial advice is deeply personal. People trust advisors with decisions that shape their lives. AI does not replace that, it enables advisors to deliver more of it.”

Nevis sees the future of wealth management as a human–AI partnership: AI handles the work that slows advisors down. Advisors focus entirely on client relationships and strategic guidance.

What’s Next for Nevis ?

With its $35 million Series A, Nevis now enters an accelerated growth phase focused on strengthening platform scale and reliability, expanding adoption across RIA firms in the US and deepening AI orchestration across advisor workflows. The company also plans to broaden integrations with custodians, CRMs and financial systems while building the next generation of AI-native productivity tools designed specifically for wealth management teams.

With $40 million raised in under 12 months, Nevis now stands out as one of the fastest-growing and strongest-funded early-stage companies in the global wealthtech landscape.

Nevis is solving one of the most pressing operational challenges in wealth management: capacity. With the advisor workforce stagnant and client demand accelerating, the industry is nearing a point where scaling without AI is mathematically impossible. What sets Nevis apart is its decision to focus not on replacing advisors, but on building the infrastructure that lets them operate at multiples of today’s output.

If Nevis succeeds, it won’t be because it built flashy AI demos, but because it quietly rebuilt the workflows powering a $30 trillion advisory market. The next decade of wealth management will be defined by platforms like Nevis that supercharge human expertise, robo-advisors!