Everstores Raises €18M in Seed Funding
- 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
- The company 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
