Nevis raises $70m Series B led by EQT Ventures
Charles Schwab and QuantumLight joined the AI wealth-management platform’s financing alongside returning investors.
Sequoia Capital, ICONIQ and Ribbit Capital also participated, bringing Nevis’s total funding to $110m. EQT Ventures partner Carolina Brochado is joining the board, with Kaushik Subramanian becoming a board observer.
The investment deepens Nevis’s relationship with Schwab’s custodial infrastructure. The company says its customers represent more than $700bn in assets, and its agents have completed over 100,000 operational tasks. That scale gives it a growing base for automating work across advisory firms.
Use of funds
Expand AI agent capabilities and integrations across custodial and wealth-management systems.
Grow product and go-to-market teams.