AI wealth-management platform Nevis raises $70M Series B led by EQT Ventures

Mon, Oct 26 21:00 UTC+8Updated Tue, Oct 27 00:57 UTC+8

New York-based Nevis announced on Oct 26 a $70M Series B led by EQT Ventures, with Charles Schwab and QuantumLight joining existing backers, bringing total funding to $110M; Fortune (citing a source) and Sifted put the valuation at about $500M. Founded in 2024 by ex-Revolut executives, Nevis uses AI agents for financial advisers' back-office work such as account opening and planning.

Why it matters

AI agents are moving into concrete workflows in regulated industries like wealth management; Schwab's strategic stake suggests vertical AI platforms are starting to plug into core financial infrastructure.

Sources3

NevisMediaMon, Oct 26 21:00 UTC+8Nevis Raises $70M Series B Led by EQT VenturesView original · Mon, Oct 26 21:00 UTC+8
FortuneMediaMon, Oct 26 22:00 UTC+8Former Revolut execs raise $70 million to tackle a looming financial advisor shortageView original · Mon, Oct 26 22:00 UTC+8
SiftedMediaTue, Oct 27 00:57 UTC+8EQT Ventures and QuantumLight back wealthtech platform Nevis in $70m raiseView original · Tue, Oct 27 00:57 UTC+8

Written by dalao.ai: the title, summary and why it matters are our own words. The original reports are the record; their publishers keep authorship.