EQT Asks ‘Motherbrain’ AI Tool to Find More Female Founders
- ‘The goal is that you don’t need a computer program’: Vev CEO
- EQT also looking to use AI to find racially diverse founders
This article is for subscribers only.
Swedish investment firm EQT AB is using its artificial intelligence-based deal sourcing tool, Motherbrain, to boost funding for more diverse startup teams.
Last year, EQT tweaked Motherbrain’s algorithms to prioritize companies with a female founder, and now screens twice as many of these businesses each week, according to partner Henrik Landgren.