Nevis Raises $70M Series B Led by EQT Ventures — SkimNews
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- Nevis raised a $70 million Series B led by EQT Ventures at a $500 million valuation, according to a source.
- Nevis uses AI to automate financial advisors’ paperwork, while the source says Americans want more advisors even as the pool available to them keeps shrinking.
Why it matters: EQT Ventures’ lead investment backs Nevis’s AI workflow for advisor paperwork while the source describes Americans’ unmet demand for advisors and a shrinking pool of them. The $70 million round supplies substantial new capital for that focus, and the reported $500 million valuation puts a precise number on the company’s worth.
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