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Nevis raises $70M Series B led by EQT Ventures at $500M valuation

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Nevis, an AI software platform for financial advisors, raised a $70 million (EUR 62 million) Series B led by EQT Ventures, bringing total funding to $110 million (EUR 98 million). A person familiar with the deal told Fortune the round values the company at $500 million. QuantumLight, the fund of Revolut founder Nik Storonsky, and Charles Schwab Corp. joined as new strategic investors, while existing backers Sequoia Capital, ICONIQ and Ribbit Capital expanded their commitments. Nevis says the money will go toward expanding its agent capabilities, deepening integrations with custodians and wealth-tech partners, and growing its product and go-to-market teams. Fortune describes Nevis as a 70-person New York company founded in October 2024 by former Revolut executives; EU-Startups describes it as based in London and New York.

AI-generated from reports · 29 minutes agoUpdate

Latest updatesOct 26 23:09
Nevis raises €62M Series B led by EQT Ventures to automate financial advisory workflows with AI

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Oct 26
  1. EU-StartupsTop Deals
    Nevis raises €62M Series B led by EQT Ventures to automate financial advisory workflows with AI

    London and New York based Nevis, an AI operating system for wealth management, raised a €62 million ($70 million) Series B led by EQT Ventures.

  2. Fortune Term SheetTop Deals
    Former Revolut execs raise $70M Series B for Nevis, an AI platform for financial advisors

    Nevis, a New York startup founded in October 2024 by former Revolut executives.

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