Everphone secures 270 million euros in new financing round

Everphone prepares for international expansion and technology enhancement with fresh funding.

Everphone, a provider of device-as-a-service solutions for businesses, has closed a financing round led by Citigroup, Phoenix Insurance and KfW. This financing secures 270 million euros for Everphone, doubling the previous volume and attracting new investors such as Capnor and Calista.

As the largest investor in Everphone, we are proud to have attracted further leading international financing partners to Everphone

Sebastian Eiseler, Partner at Cadence Growth Capital

The financing structure is designed to reduce Everphone's cost of capital and enable the company's growth. The goal is to integrate another million users into its circular "Device-as-a-Service" model.

Objectives of the round

With this investment, Everphone aims not only to drive revenue growth, but also to prepare its internationalization and generate profits. One focus is on expanding the platform to include business intelligence, ESG reporting and deeper integration with IT platforms.

One focus is on improving API capabilities for business intelligence and ESG data, as well as providing sustainability solutions. Everphone has already received the Ecovadis silver medal and is one of the most sustainable companies.

The CFO and Managing Director, Dr. Veronika von Heise-Rotenburg, also emphasizes the healthy and sustainable growth of the company. Investors such as Cadence Growth Capital and Capnor see this financing round as a decisive step for Everphone's further expansion.

2023 impresses with positive figures

Everphone has already achieved impressive figures in 2023: over 75 million euros in sales and a doubling of EBITDA to 30 million euros. This strategic capital injection should keep the company on track and will enable expansion to up to one million more devices, both in Europe and the US.

I am pleased that we have continued to grow despite global economic challenges, proving that we have created a resilient business model.

Jan Dzulko, Founder and CEO of Everphone

The company is pleased with the successful year and the partnership with new investors for the upcoming internationalization. Jan Dzulko, founder and CEO, emphasizes the continued growth and satisfaction of customers and employees as important indicators of their success.

We can look back on the most successful year in Everphone's history and are making great strides towards our targeted profitability.

Dr. Veronika von Heise-Rotenburg, CFO and Managing Director of Everphone

The various financing partners such as Citi, Phoenix Insurance and KfW emphasize their tailor-made solutions that help unleash Everphone's growth potential and support the company in establishing itself globally. Everphone, founded in 2016 by Jan Dzulko, offers an all-in-one solution for corporate smartphones and tablets and already manages over 350,000 devices for more than 1,000 companies worldwide. The funding round signals the potential for further growth and the strengthening of Everphone's position as a provider of sustainable enterprise device solutions.