EQT Asks ‘Motherbrain’ AI Tool to Find More Female Founders

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.

Henrik Landgren

Source: EQT AB

“We’re looking at a much better set of diverse founding teams that are coming to us to pitch,” said Landgren, who leads the Motherbrain program, in an interview.

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Motherbrain has led to two ...