Everphone receives 32 million US dollars

The start-up has expanded its Series C financing round. It intends to use the money to finance its growing core business.

The Berlin-based start-up Everphone has expanded its Series C financing round and raised an additional 32 million US dollars. Venture capitalist Cadence Growth Capital (CGC) is leading the round. "Our long-term support shows that we see great potential in Everphone," says Leonard Clemens, co-founder and Managing Partner of CGC. The start-up last raised 200 million US dollars in December. It intends to use the additional money it has now raised to finance its growing core business and drive forward its internationalization.

Jan Dzulko founded Everphone in Berlin in 2016. The start-up offers a "phone as a service" model for corporate customers. Everphone buys smartphones for companies, sets them up and repairs them for a monthly rental fee. "Our mission is to enable companies to improve their daily processes and act in a more environmentally friendly way as part of the circular economy," says Dzulko.

In the past financial year, the start-up achieved a turnover of 19 million euros. This represents an increase of 170% compared to the 2020 financial year.