Nevis, an AI-powered wealth management platform, has closed a $70 million Series B funding round led by EQT Ventures. New investors include Charles Schwab and QuantumLight, founded by Revolut CEO Nik Storonsky, while existing backers Sequoia Capital, ICONIQ Capital, and Ribbit Capital participated in the round. The company has raised $110 million cumulatively over the past two years.
The funding comes amid explosive growth for Nevis, with revenue surging more than 25x over the last 12 months and assets on its platform expanding from $50 billion to over $700 billion. The company has partnered with more than 10 registered investment advisory (RIA) firms, including Focus Financial Partners. Proceeds will be allocated toward team expansion and new product development.
AI Wealth Management Platform Nevis Raises $70M in Series B Led by EQT Ventures
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