Nevis raises $70M to expand AI platform for wealth advisers

New York-based Nevis, which builds AI software for wealth management firms, has raised $70M in a Series B round led by EQT Ventures, with Charles Schwab and QuantumLight joining as new backers. Total funding now stands at $110M, and the company says its revenue grew more than 25 times this year.

• Series B round of $70M led by EQT Ventures
• Total funding for Nevis now reaches $110M
• Revenue grew more than 25 times this year
• Client assets on the platform rose from $50bn to $700bn