Everphone raises $200 million
Sophie Deistler
| 06.12.2021
The start-up now has a new, largest shareholder. Existing investors have also stepped up.
Everphone has raised $200 million in a Series C funding round. Cadence Growth Capital led the round and is now the largest shareholder. Existing investors have also stepped up, including Deutsche Telekom, Signals Venture Capital and AlleyCorp, while Deutsche Bank and Phoenix Insurance are providing Everphone with loans.
The startup plans to use the money to expand its sustainable circular economy model. This involves remanufacturing phones that have been in use for two years. "My goal has always been for the circular economy to become widespread, and we're well on our way there," says Everphone founder Jan Dzulko. Everphone also wants to use the money to expand in Europe and the US, hire new staff, develop its products and buy more phones.
Jan Dzulko founded Everphone in Berlin in 2016. The startup has a "phone as a service" model for corporate customers. Everphone buys phones for companies, sets them up and takes care of repairs for a monthly rental fee. The company now has over 100,00 active devices.
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Startup
2016
Berlin
Everphone
Lending of business mobile phones on a rental model with repairs, upgrades and device management - "Phone as a Service".
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