Nevis Raises €62 Million in Series B Round Led by EQT Ventures

What happened

Nevis, a wealth management AI platform founded in 2024 with offices in London and New York, raised €62 million in a Series B round led by EQT Ventures. Charles Schwab and QuantumLight joined as new strategic investors, and existing investors increased their investments.

Confirmed

Global impact / market context

Fresh capital lets Nevis fund hiring, technology and expansion, which means more spending on AI tools for wealth managers. Charles Schwab joining as an investor links a large brokerage to Nevis's software, potentially widening its client reach and revenue opportunities.

Analyst inference

The round shows investors still funding AI software for financial advice despite high borrowing costs and cautious dealmaking. Nevis says its clients oversee more than €625 billion in assets, a signal of demand for automation that could pressure rivals to invest similarly.

Analyst inference

What to watch

1. Nevis has raised €98 million in total and says its AI agents have completed over 100,000 operational tasks, figures that show how quickly the young company is scaling its software usage. Confirmed
2. Watch whether Nevis uses the €62 million to expand into new markets or add products, since capital spending and hiring plans would reveal how aggressively it intends to compete for wealth manager clients. Proposed
3. Watch whether Charles Schwab deepens ties with Nevis, because strategic investors often test software internally before rolling it out, which could shift revenue toward Nevis and change how rival brokerages buy such tools. Analyst inference

Evidence

• binance.com