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Nevis, a startup founded by former Revolut leaders, has raised a $70 million Series B to simplify the software financial advisors rely on, Fortune reported on October 26. EQT Ventures led the round, and a partner there is joining the company’s board.
Here is the plain-English version. Advisors spend too much time moving between disconnected programs, and Nevis wants to put those jobs in one place. That idea applies well beyond finance, and it is a good lens for any founder with a messy stack, especially those studying Series A advice from investors this fall.
What Nevis Does in Simple Terms
Nevis builds a platform that pulls many separate advisor tools into one system. According to the EQT partner quoted by Fortune, the typical advisor juggles about seven outdated systems. Each one needs its own login, data entry, and upkeep.
The result is administrative drag. When an advisor spends the day on paperwork, there are fewer hours for clients. That is also why firms are interested in software that automates the routine steps.
The Funding and Traction Details
The company is only about a year old, with roughly 70 employees. By Fortune’s count, the new money lifts lifetime funding to $110 million. The valuation is reportedly around $500 million, but that figure came from an anonymous source, and Nevis has yet to verify it.
Nevis at a glance (Fortune, October 26, 2026)
Round
$70 million Series B
Total raised
$110 million
Reported valuation
About $500 million (unconfirmed)
Founded
October 2024
Team size
About 70 people
Customers
About 20 advisory firms
Assets at customer firms (company claim)
$50 billion rising to $700 billion in a year
The last row of that table deserves a careful read. It reflects what the customers manage, not what Nevis earns, and it comes from the company itself. In other words, it shows momentum in the client base but says little about revenue or profit.
Smart buyers and investor… Read More
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