Everphone Attracts Major Funding, Accelerates Growth, and Solidifies Global Leadership in Sustainable Device-as-a-Service Solutions

To further promote sustainable device usage among business customers, Everphone, with its leading Device-as-a-Service platform for corporate smartphones and tablets, has attracted new top-tier financing providers: Citigroup, Phoenix Insurance, and KfW. Additionally, Everphone secured equity in the Series-D financing round from Capnor and their partner Calista, as well as from existing investors including Cadence Growth Capital and founder Jan Dzulko himself.

Existing investors like Cadence Growth Capital, signal ventures, and Alleycorp continue as reliable and strong partners, firmly supporting Everphone’s growth ambitions. This further strengthens Everphone’s position as a global leader and the most sustainable Device-as-a-Service platform.

In 2023, Everphone successfully increased its revenue to over € 75 million and doubled its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to € 30 million. This strategic capital infusion will enable Everphone to not only continue increasing revenue but also prepare for international expansion and achieve profitability. 

Expanding Technological Advantage: Everphone is dedicating a substantial part of its capital to simplify the complexity of working devices and their operation for major clients. This includes expanding the Everphone platform by up to 1 million additional devices, internationally in Europe and the USA. The focus is also on tapping new commercial user groups and enhancing API capabilities for Business Intelligence and ESG data provision. Already, over 50 % of all devices are managed through the Everphone API. In sustainability, the platform enables large companies to easily meet crucial ESG reporting requirements for sustainable IT strategies. Additionally, Everphone’s cybersecurity offering ensures the highest standard of data security on devices, addressing a key challenge for IT executives.

In 2023, Everphone was awarded the Ecovadis Silver Medal, placing it among the top 25 % of the most sustainable companies evaluated.

In this pivotal investment, Everphone was advised by esteemed partners including YPOG (equity financing), Hogan Lovells and Deloitte (debt financing advisors for Everphone), and Linklaters (advisors for the lenders).

Jan Dzulko, founder and CEO of Everphone: “I am pleased that despite global economic challenges, we have continued to grow, proving that we have created a resilient business model. We are focused on proactive growth, and our success is reflected in the satisfaction of our customers and employees. Our next goal is to reach the € 100 million revenue mark. Additionally, the influx of renowned investors prepares us for the next step towards internationalization in Europe and the USA. I am so confident in our team, service, and especially future growth that I have personally invested in this round of financing as a founder.”

Dr. Veronika von Heise-Rotenburg, CFO and Managing Director of Everphone: “We look back on the most successful year in Everphone’s history and are rapidly approaching our targeted profitability. Our focus on healthy and sustainable growth has paid off and will continue to guide us.”

Louis De Clercq, Capnor: “We are extremely supportive of Everphone and its strong management team who demonstrated flawless execution in a complex market environment and benefits from untapped growth potential to further deploy its innovative solutions.”

Sebastian Eiseler, Partner at Cadence Growth Capital (CGC): “As the largest investor in Everphone, we are proud to have attracted more internationally leading financing partners for Everphone and see this as an important milestone in the further profitable scaling of the company.”

Sebastian Walf, Head of EMEA Asset Backed Securities: “Citi offers a flexible ABS loan that enables Everphone to finance both lease payments and residual values of handsets. The securitization financing goes hand in hand with an inventory loan to provide a seamless financing solution for Everphone.”

Raphael Doerling, Head of Citi Commercial Bank in Germany: “With this customized financing solution, we are happy to offer Everphone the ability to unlock more of its growth potential. Citi’s global reach as well as its broad experience with fast-scaling digital companies form an excellent basis to tackle Everphone’s growth challenges, especially internationally, ahead”.

Micah Selya, Portfolio Manager, International Private Credit: “As lenders in Everphone’s previous credit facility, the Phoenix Insurance Company Ltd has observed first hand Everphone’s spectacular growth over the last two years. We are thrilled to again be participating as lenders in Everphone’s new €250m credit facility”.

Jochen Eichmann, Head of Venture Tech Growth Financing KfW: “We are pleased to support Everphone and its innovative business model in its continued growth. The financing through our Venture Tech Growth Financing program aids the company in reaching further milestones.”

The Everphone PR team provided this piece to SME Business Review.