Everstores, a Berlin, Germany-based company acquiring online stores via a tech platform that streamlines the sales process, raised €18M in Seed funding.
The round was led by Earlybird Venture Capital, and Viola Credit, with participation from Picus Capital.
The company intends to use the funds to continue the build its platform, and expand operations.
Led by Kristoffer Herskind, Kirill Martynov, and Carlos Lopez, Everstores is currently acquiring profitable Shopify stores that generate above (or close to) €1m in revenue, operating mostly in the UK or Germany/Austria, with a track record of at least 12 months.
The offer takes into account all the key metrics related to a store’s performance. The company’s engine extrapolates the future state of those metrics and presents an offer based upon the intrinsic performance of a store. Everstores generally does not take over any employees. After the sale, the company operates the brand to continue to grow it and, after a short transition period of maximum two months, they take over all operations so the merchant can move on to new projects.
FinSMEs
04/10/2022