“Device-as-a-Service” Startup everphone Closes €34 Million Series B Funding Round

The funding round is led by new investor signals Venture Capital
● Other new investors include AlleyCorp (US), Telekom Innovation Pool (the investment arm of Deutsche Telekom), and Dutch bank NIBC
● The new funding will be used to improve the product, reach more customers and accelerate the European expansion beyond Germany

Berlin, Germany – 28 Juli 2020  –  everphone completed a Series B funding round of €34 million, with the new capital being used to further grow and expand its market leadership as a driver for innovation in the New Work vertical. Founded in 2016 by former CHECK24 board member Jan Dzulko, companies use everphone as a flexible, safe, and cost-efficient way to equip their workforce with smartphones and tablets, reducing costs, and supporting the expansion of flexible and mobile forms of work. Amongst more than 400 customers, SMEs as well as large corporations such as Ernst & Young use the service to mobilize and digitalize their work environment.

As such, everphone is a one-stop-shop that sources, configures, and deploys rental smart-phones and tablets and organizes repairs and returns, all whilst being seamlessly integrated into a company's internal IT infrastructure. With mobile work equipment increasingly becoming the backbone of the economy, the startup from Berlin is operating in a promising future market which has only been accelerated by the COVID-19 pandemic.

Increasingly, companies are faced with the challenge of providing employees with a device that meets a multitude of criteria. The devices must contain up-to-date technology which meets a wide range of data protection and security requirements, whilst also enabling the employee to be most productive. Personal phones and devices normally may not be used for work as they can pose a security risk and can be in violation of data protection regulations. At the same time, however, companies need to keep an eye on total cost of ownership throughout the entire lifecycle of  their device fleet. With its comprehensive rental service, everphone offers an optimal solution that also protects personal and professional data. In addition, employees can select their preferred device and are not restricted to a standard device. This flexibility helps attract demanding talent and creates a modern work environment.

“The additional funding will enable us to meet an increasing demand as we further expand our equipment pool and our services. The global pandemic has been a catalyst for growth in the field of digitization: We are currently experiencing a significant increase in demand at home and abroad, which is why we are aiming for European expansion with the funding,” says Jan Dzulko

Both the existing investors and the new lead investor, signals Venture Capital, are convinced that everphone's business model solves an ever-increasing problem for companies. “everphone envisions that every employee will one day work via their smartphone,” says Marcus Polke, Partner at signals Venture Capital. “With this employee-centric approach and integrated platform, everphone goes far beyond the mere outsourcing of a smartphone IT infrastructure. The startup also addresses both the hardware and software elements of a rapidly growing number of communication channels, while integrating cybersecurity and data protection requirements. everphone thus provides companies with an integral component of the digital infrastructure on their way to Enterprise 4.0. We are proud to support Jan Dzulko and his world-class team in rethinking Smart Work!”

Deutsche Telekom invested in this funding round via its strategic investment fund, Telekom Innovation Pool, which is advised by DTCP. Peter Arbitter, Head of Portfolio & Product Marketing for Business Customers at Telekom Deutschland, says: “There is a growing demand for financing models in the mobile communications B2B market. At Deutsche Telekom, we already offer attractive leasing models, which will now be expanded upon through the customer-friendly rental models offered in conjunction with everphone.” Till Stenzel, Managing Director of DTCP's Advisory Team, adds: “We are looking forward to our continued cooperation with everphone and see not only significant growth potential in Germany, but also across the world."

 

About everphone GmbH

everphone is the one-stop-shop solution for company smartphones and tablets. The Berlin-based startup has developed a new concept of providing companies with smart devices in a flexible and secure way. everphone device rentals include everything from sourcing, device administration via MDM software, as well as the handling of broken devices and returns. With “choose your own device” employees can pick their preferred device. Part of the everphone concept is a 24h smartphone replacement service in case of damages. Since 2016, everphone sources, configures, and deploys rental smart-phones and tablets with full service. everphone was founded by former CHECK24 board member Jan Dzulko. Today, everphone supplies more than 400 customers, both SME and global
players such as Ernst & Young. The firm employs more than 70 people in Berlin.

About DTCP

DTCP is an investment management group with $1.7 billion in assets under management and advisory from corporate and institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, private equity, and advisory services to the technology, media, and telecommunications sectors. It operates and invests in Europe, North America, and Asia out of its Hamburg, San Francisco, Tel Aviv, and Seoul offices. To learn more about DTCP, visit dtcp.capital, www.linkedin.com/dtcp-capital, or @dtcp_capital on Twitter.

 

More information on DTCP’s TIP investments can be found here:

DTCP advises investment in Cynet.

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DTCP advises investment in Droniq.