AI Wealth Management Platform Nevis Completes $70M Series B Led by EQT Ventures

October 28 — Mark Swan of AI wealth management platform Nevis announced that the company has completed a $70 million Series B funding round. The round was led by EQT Ventures, with Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky) as new investors, alongside follow-on investments from existing investors Sequoia Capital, ICONIQ Capital, Ribbit Capital and others. Nevis has raised a cumulative $110 million over two years. Over the past 12 months, its revenue grew more than 25x, and its platform assets under management rose from $50 billion to over $700 billion. The company has partnered with more than 10 registered investment advisers (RIAs), including Focus Financial Partners. The new funds will be used to expand the team and develop new products.