Key Takeaways
- • Nevis, an NYC-based wealth management operating system, raised $70M in Series B funding led by EQT Ventures, with participation from Charles Schwab, QuantumLight, Sequoia Capital, Iconiq, and Ribbit Capital.
- • Fragment, an NYC-based procurement startup, raised $56M across seed and Series A funding, according to Axios Pro, with 8VC leading the Series A alongside General Catalyst, A*, and Roelof Botha.
- • The newsletter also references Apollo's Mubadala stake and OPay's IPO terms, but the primary source provides no details on either item.
Summary
Nevis, a New York-based wealth management operating system, has raised $70 million in Series B funding, according to Axios. EQT Ventures led the round, which also drew participation from Charles Schwab, QuantumLight, Sequoia Capital, Iconiq, and Ribbit Capital. The investor roster combines venture capital firms with a major custodial and brokerage institution, a mix that points to interest from both the startup and the wealth-management distribution sides of the market.
Separately, Fragment, a New York-based procurement startup, raised $56 million across seed and Series A rounds, per Axios Pro. 8VC led the Series A, with General Catalyst, A*, and Roelof Botha also participating.
The Axios newsletter headline also mentions Apollo's stake linked to Mubadala and OPay setting IPO terms. The source material available for this summary does not include details on either item, so no figures or terms for those developments are reported here.
Separately, Fragment, a New York-based procurement startup, raised $56 million across seed and Series A rounds, per Axios Pro. 8VC led the Series A, with General Catalyst, A*, and Roelof Botha also participating.
The Axios newsletter headline also mentions Apollo's stake linked to Mubadala and OPay setting IPO terms. The source material available for this summary does not include details on either item, so no figures or terms for those developments are reported here.
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