18 million euros for Everstores
The Shopify aggregator raises both debt and equity capital. Earlybird, Picus and KKR are among those involved.
The Berlin-based store aggregator Everstores has raised 18 million euros. Eight million euros came from a venture capital round led by Earlybird. The other ten million euros are debt capital, which comes primarily from Viola Capital. According to Techcrunch this credit line could be expanded to up to 50 million euros.
In contrast to other aggregators, Everstores, founded this year by Kristoffer Herskind, Carlos Lopez and Kirill Martynov, focuses on Shopify-based stores. The advantage, the company hopes, is that unlike Amazon, Shopify can also be used to collect good data on its own customers, not just on products and orders. Everstores wants to use this data to achieve scaling effects, for example in the supply chain or logistics, following the acquisition of smaller D2C online retailers.
According to the start-up, it has already acquired three retailers, with more to follow soon.
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