How EQT uses AI to see the startup world differently
EQT Ventures, a major European venture capital firm, is leveraging artificial intelligence to gain an edge in early-stage tech investing. The firm, managing €2.6 billion across three funds, utilizes its proprietary platform, Motherbrain, to analyze vast amounts of data, aiming to identify promising investment opportunities and support its portfolio companies. This approach underscores the growing role of AI in transforming how venture capital firms operate within the European tech ecosystem. Motherbrain, launched in 2016, employs AI to scan and track investment prospects. The platform supports the entire investment lifecycle, from identifying potential investments to aiding in due diligence and portfolio value creation. The system analyzes unstructured data, including online conversations, market research, and internal data. Dealmakers can log in and view relevant opportunities, ranked using interpretable scoring models, and access information on team member connections and relevant advisors. This AI-driven approach significantly impacts the efficiency of evaluating potential investments. It allows EQT to process a large volume of data points, giving it an advantage in identifying early-stage companies with high potential. The technology also enhances the productivity of dealmakers by providing context and insights, such as previous interactions with a company or founder. This shift could help European firms compete with US counterparts. The ability to analyze unstructured data with large language models has accelerated the firm's AI capabilities. This is especially true since the advent of generative AI technologies such as ChatGPT. EQT aims to leverage these tools to generate an edge in the competitive landscape of early-stage investing.
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