Everphone Secures € 270M in Financing; Raises Series D Financing

Jan 22, 2024•almost 2 years ago

Amount Raised

€270 Million

BerlinIT Services and IT Consulting

Investors

AlleycorpSignal VenturesCadence Growth CapitalJan DzulkoCalistaCapnorKf WPhoenix InsuranceCitigroup

Description

Everphone, a Berlin, Germany-based Device-as-a-Service platform for corporate smartphones and tablets, secured €270m in Series D financing. The company intends to use the funds to further strengthen its position as a global leader in the industry, preparing for international expansion and achieving profitability.

Company Information

Company

Everphone

Location

Berlin, Maryland, United States

About

Everphone is the one-stop solution for corporate smartphones and tablets. As a leading device-as-a-service provider, Everphone handles device procurement, configuration, management, security, and replacement for businesses and organizations. The time this frees up for clients’ IT teams totals two hours per device. DaaS allows companies and their employees to choose their preferred smartphone from manufacturers such as Apple, Samsung, Google, and Fairphone. Everphone currently manages over a quarter million devices for more than a thousand companies, including international management consultancies and several DAX companies. Founded in 2016 by Jan Dzulko, the company employs around 300 employees in Berlin, Munich, and Miami. Investors include Alleycorp, ApolloCapital, Cadence Growth Capital, signals Venture Capital, and T.Capital.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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