Evertrace, a Copenhagen-based startup, continues to enhance its position in the venture capital ecosystem by acquiring Berlin-based Morphais, a company specializing in helping venture capitalists with early-stage deal sourcing. Evertrace’s platform employs data and AI to assist venture capitalists in sourcing and evaluating investment opportunities, setting the stage for innovative investment strategies. With a continuous drive for expansion, the acquisition of Morphais is seen as a strategic move to harness Morphais’ unique capabilities in data intelligence.
Evertrace previously made acquisitions, including Whisper AI and Seedpoint, as it aims to be a leader in venture capital sourcing tools. Evertrace’s offerings are enhanced by its platform, which aggregates data from diverse sources such as company registers and GitHub patents, streamlining the process for investors. This platform caters to over 35 investment funds, including significant players like Antler, Cherry Ventures, and Heartcore Capital. The incorporation of Morphais’ seven-member team further bolsters Evertrace’s capabilities.
What does Morphais bring to Evertrace?
Morphais describes itself as a “data intelligence company,” offering venture capitalists, angel investors, and family officers tools to identify prospective startups and founders at seed and pre-seed levels. This expertise enhances Evertrace by providing curated batches of high-potential companies through proprietary behavioral and market intelligence. With Morphais joining Evertrace, the combined strengths are expected to create a more efficient sourcing tool for the venture capital industry.
How does the acquisition fit into Evertrace’s broader strategy?
Jacob Houlberg, co-founder of Evertrace, emphasizes the importance of integrating Morphais into their strategic framework, highlighting its potential to refine Evertrace’s core offerings. Morphais’ approach aligns seamlessly with Evertrace’s mission, as stated by Morphais co-founder Eva-Valérie Gfrerer, who envisioned making venture capital more efficient and transparent.
Joining Evertrace allows us to combine our unique sourcing technology with Evertrace’s advanced features and founder signals. It will enhance the offering for our customers.
Evertrace had previously captured attention when it raised $600,000 earlier in the year, with backing from significant investors such as Sonu Banga of Intellishore and Christian Jantzen, as well as other notable venture capitals. This funding round demonstrated the interest and belief in Evertrace’s potential to reshape how venture capital sourcing is conducted, providing a foundation for the recent acquisition of Morphais.
This acquisition is a key component in our overall strategy, and will enable us to further improve our core offering.
This strategic acquisition of Morphais illustrates the dynamic nature of the venture capital industry, emphasizing the importance of data-driven approaches. Evertrace’s enhanced capabilities are expected to resonate with the growing demand for more precise and efficient investment tools, as it continues to evolve its offerings. The collaboration reflects an ongoing trend towards integrating advanced technology with traditional investment strategies, making Evertrace a notable player to watch.
