A Berlin-based pioneer of B2B phone-as-a-service, everphone, has raised $32 million in Series C2 funding. The investment round was led by Cadence Growth Capital alongside existing investors such as Kevin Ryan. The round also saw participation from Deutsche Telekom (that backed Code Intelligence), signals Venture Capital, and Dr. Henrich Blase (founder of CHECK24).
Growth plans on cards
everphone intends to use the funds to drive internationalisation, product development and the growth of the device fleet.Jan Dzulko, CEO and founder of everphone: “Our mission is to enable companies to improve their daily operations and to act more environmentally friendly as part of the circular economy. The extended funding round supports us to advance this mission further.”
Dr. Veronika von Heise-Rotenburg, CFO and Managing Director of everphone: “We are delighted that our service is attracting a lot of interest from prospective customers as well as delighting our existing customers and investors, creating lasting partnerships.”
Leonard Clemens, Co-Founder and Managing Partner of Cadence Growth Capital (CGC), added: “Our long-term support shows that we see great potential in everphone. We proudly support the successful development of the company with the full team at CGC and are very satisfied that big enterprise customers such as Henkel have entered into long-term contracts with everphone. We also believe in the global roll-out of the successful everphone model with the first significant customer win in 2022 in the US.”
How was everphone born?
everphone was founded by former CHECK24 executive Jan Dzulko in 2016 in Berlin. Its story debuted with a broken display and an unhappy phone insurance buyer. Dzulko realised the need for a better, faster, more customer-friendly way to solve smartphone problems and founded the device-as-a-service startup.
Pioneer in device-as-a-service
It offers companies an easier way to manage smartphones, tablets, and laptops. Customers include numerous startups and SMEs as well as global enterprises. everphone covers everything from procurement and configuration to setup, maintenance, and return of the device.
In addition to removing the hassle from internal IT departments, it also reduces CO2 emissions and waste. Eventually, everphone creates a more sustainable way of using devices. It helps extend the lifecycle of mobile devices and brings about circular economy’s to electronics.
The company’s 2021 annual report recorded impressive growth stats. It reported €19 million in revenue, which is a whopping 170% increase year on year, and this is expected to continue.