Nevis raises $70M Series B to automate paperwork for financial advisors

Nevis, an AI startup that automates paperwork and administrative tasks for financial advisors, closed a $70 million Series B funding round led by EQT Ventures. The round values the company at $500 million.

The startup addresses a gap in the financial advisory market: demand for advisors is growing, but the supply is shrinking. By automating routine paperwork and compliance work, Nevis aims to let financial professionals spend more time on client relationships and strategy.