What is Everphone?
Everphone offers a comprehensive solution for businesses, managing the entire lifecycle of mobile devices, including smartphones and tablets. Their service encompasses supply, support, repair, replacement, and recycling, all billed through a per-user monthly subscription model. Founded in Berlin, Germany, in 2016, Everphone addresses the growing need for streamlined and cost-effective enterprise mobility management, allowing companies to focus on their core operations while ensuring their workforce is equipped with reliable and up-to-date mobile technology.
How much funding has Everphone raised?
Everphone has raised a total of $436.7M across 5 funding rounds:
Angel/Seed
$3.4M
Series A
$5M
Series B
$38.4M
Series C
$97M
Series D
$293M
Angel/Seed (2016): $3.4M with participation from Apollo Capital Management
Series A (2018): $5M led by Apollo Capital Management
Series B (2020): $38.4M supported by Signals Venture Capital
Series C (2022): $97M featuring Cadence Growth Capital and Kevin Ryan
Series D (2024): $293M backed by Phoenix Insurance Company, Capnor, KfW, and Citigroup
Key Investors in Everphone
Phoenix Insurance Company
Phoenix Insurance Company is a prominent Israeli financial services group with diverse operations including multi-line insurance and asset management, indicating a strategic interest in established market players.
Cadence Growth Capital
Cadence Growth Capital is an investment platform focused on providing growth capital to technology-enabled businesses, suggesting a focus on scaling companies with strong revenue and growth potential.
KfW
KfW Bank is a German development bank that provides financing for various sectors, including infrastructure and environment, indicating support for significant infrastructure-related business models.
What's next for Everphone?
The substantial enterprise-level funding, particularly the recent major strategic investment, positions Everphone for accelerated growth and market penetration. This capital infusion is expected to bolster product development, enhance customer support infrastructure, and expand its geographical reach. The company's focus on a subscription-based model for device management aligns with current business trends favoring operational expenditure over capital expenditure, suggesting a strong future outlook for Everphone as it continues to scale its operations and service offerings.
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