Nevis raises $70 million in Series B funding
Business · First reported 26 Oct, 16:57 · Updated 19:03
Nevis, an AI platform for wealth management, raised $70 million in a Series B led by EQT Ventures. The funding brings its total raised to $110 million, according to the detailed report.
- The Series B was led by EQT Ventures and included Charles Schwab, QuantumLight, Sequoia Capital, ICONIQ and Ribbit Capital.
- The funding brings Nevis’s total raised to $110 million.
- The company says its platform automates end-to-end workflows for wealth management firms.
- The report says assets on the platform increased from $50 billion to $700 billion this year, with new assets running at $75 billion per month.
Summary written by Lux AI from 3 articles
Key facts
- Series B raised
- $70 million
- Total funding
- $110 million
- Series B lead
- EQT Ventures
- Platform assets reported
- Grew from $50 billion to $700 billion this year
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