Berlin-based smartphone-as-a-service provider, Everphone, has topped up with $65 million in a Series C equity raise in addition to taking $135M in debt financing — for a total raise of $200M.

The new financing follows Everphone’s $40M Series B, closed in summer 2020, as the 2016-founded startup reported an uplift in interest driven by the COVID-19-triggered remote working boom. It’s a device rental model the startup touts as being more sustainable than alternative routes for provisioning mobile devices (such as buying devices outright) — arguing it saves environmental resource by baking in circularity from the start.

Berlin’S Everphone Raises $200M In Debt And Series C Equity

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