Everstores
Building a next-generation technology platform to unlock the D2C (direct-to-consumer) e-commerce asset class at scale and provide exit liquidity to small merchants.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | €8.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Everstores, a Berlin-based firm founded in 2022, operates as a technology-driven investment company focused on the direct-to-consumer (D2C) e-commerce market. The company was established by Kristoffer Herskind, Carlos Lopez, and Kirill Martynov. Everstores identifies and acquires small to medium-sized D2C brands, primarily within the European Shopify ecosystem, providing a viable exit path for these entrepreneurs. The firm's business model draws parallels to a classic operational investment fund, but with a strategic emphasis on leveraging data and software to scale its acquired brands.
The core of Everstores' operation is its proprietary technology platform. This platform features a pricing engine that utilizes machine learning forecasting models to conduct rapid and accurate valuations of potential D2C acquisitions. Merchants can connect their Shopify store and advertising data to receive a data-driven analysis and valuation of their business. Upon acquiring a brand, Everstores integrates its own operating system (OS) to automate decision-making and streamline operations. This OS leverages large datasets to identify high-value customers, optimize marketing channels, forecast demand, and rationalize inventory management.
The company's revenue generation is tied to the successful growth and profitability of the brands it acquires and operates. By replacing existing operational structures with its technology-centric OS, Everstores aims to drive consistent performance and generate returns from its portfolio of D2C assets. In October 2022, the company emerged from stealth with €18 million in a seed funding round, comprising €8 million in equity and €10 million in debt. The financing was led by Earlybird Venture Capital and Viola Credit, with participation from Picus Capital and other angel investors, intended to further develop their tech platform and fund acquisitions.
Keywords: D2C brand acquisition, e-commerce investment, Shopify merchants, brand aggregator, technology platform, machine learning valuation, operational investment, e-commerce scaling, exit strategy for merchants, European D2C market, direct-to-consumer, e-commerce finance, venture capital, data-driven e-commerce, automated decision-making, inventory management optimization, customer acquisition, digital brand portfolio, e-commerce operations, M&A e-commerce