Nevis raises $70M Series B led by EQT Ventures for AI wealth management software
Nevis raised a $70M Series B led by EQT Ventures, with Charles Schwab joining, to expand its AI software for wealth management firms. Total funding is now $110M.
Nevis, which builds AI software that automates paperwork and operations for wealth management firms, raised a $70M Series B led by EQT Ventures, bringing total funding to $110M. Charles Schwab and QuantumLight joined as new investors alongside Sequoia, ICONIQ and Ribbit Capital. (Nevis via Business Wire; FinSMEs)
The company says assets on its platform grew from $50B to $700B this year. Fortune, citing an unnamed source, reported the round values Nevis at $500M. (WealthManagement.com; Tech Startups)