Everphone Revenue, Valuation, Funding & Investors

Everphone is valued at $170M as of September 2022, a 7.7x multiple on its last reported $22M revenue.

Last Everphone valuation

$170M

Series C · Sep 2022

Last Everphone funding round

$23M

Series D · Jan 2024

Everphone revenue

$22M

Series C · Sep 2022

Key investors in Everphone

  • Signals Venture Capital
  • Cadence Growth Capital
  • ApolloCapital
  • AlleyCorp
  • Angel Invest
  • Kevin Ryan

Everphone Overview

About Everphone

Everphone is a Berlin-based device-as-a-service provider that procures, configures, and manages mobile devices for enterprises across Europe. The company rents smartphones, tablets, laptops, and accessories from manufacturers like Apple and Samsung, handling logistics, zero-touch deployment, and MDM integration with platforms such as Microsoft Intune. Everphone serves over 1,000 corporate clients including Siemens and Deutsche Telekom, enabling subscription models that include repairs, upgrades, and end-of-life recycling.


Founded

2016

HQ

GermanyBerlin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$22M (Sep 2022)

Valuation

$170M (Sep 2022)

Everphone Valuation

Everphone is currently valued at $170M, based on its Series C in September 2022.

The $31M round was led by Cadence Growth Capital, with participation from Kevin Ryan, Signals Venture Capital, Deutsche Telekom and Henrich Blase.

Everphone valuation by funding round

Everphone valuation by funding round
DateStageValuationRevenue Multiple
Sep 2022Series C$170M7.7x

Everphone Revenue

Everphone's latest recorded revenue is $22M, as of its Series C in September 2022. At a $170M valuation, that implies a 7.7x revenue multiple.

Everphone revenue by funding round

Everphone revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2022$22M$170M7.7xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Everphone Funding History

Everphone has raised a total of $168M across 7 funding rounds.

Everphone's first fundraising round was a $900K seed round in October 2016. The most recent completed round was a $23M Series D in January 2024.

Everphone funding rounds

Everphone funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2024Series DCadence Growth Capital (lead); Imocobel (lead); De Clercq and Partners; Kevin Ryan; Signals Venture Capital; Jan Dzulko; AlleyCorp$23M-Everphone is a Berlin-based Device-as-a-Service (DaaS) platform founded in 2016 by Jan Dzulko, providing corporate smartphones and tablets with a focus on sustainability through a circular operating model. The company manages over 350,000 devices for more than 1,000 organizations, including DAX-listed firms and consulting companies, and operates from Berlin, Munich, and Miami with around 250 employees. In January 2024, Everphone raised €270 million (approximately $272-271 million) in a Series D financing round, comprising equity from investors including Cadence Growth Capital, Imocobel (via Capnor and Calista), AlleyCorp, Signals Venture Capital, Alleycorp, founder Jan Dzulko, and debt led by Citigroup with Phoenix Insurance and KfW. Lead equity investors align with Cadence Growth Capital and Imocobel. This follows prior raises of $200 million Series C in 2021 and $32 million in 2022, with funds allocated to integrate 1 million additional devices, enhance technology like business intelligence and ESG reporting, expand internationally in Europe and the US, and support profitability. For 2023, Everphone reported revenues exceeding €75 million and doubled EBITDA to €30 million, targeting €100 million revenue next, demonstrating resilient growth amid economic challenges. The company holds an Ecovadis Silver Medal for sustainability, positioning it as a leader in efficient, user-friendly corporate device management allowing employee choice from Apple, Google, and Samsung. Investors highlight Everphone's scalable model and international potential, with the round enabling further tech investments and market expansion while maintaining customer and employee satisfaction. CEO Jan Dzulko personally invested, expressing confidence in future growth.
Sep 2022Series CCadence Growth Capital (lead); Kevin Ryan; Signals Venture Capital; Deutsche Telekom; Henrich Blase$31M$170MEverphone is a Berlin-based device-as-a-service (DaaS) pioneer founded in 2016 that provides mobile device procurement, management, support, repair, replacement, and recycling services for enterprise customers on a per-user monthly subscription basis. The company serves as a reliable infrastructure provider for over 1,000 companies managing more than 220,000 devices, emphasizing sustainability by extending smartphone lifecycles and reducing resource waste. In its 2021 fiscal year, Everphone generated 19 million euros in revenue, representing a 170 percent increase compared to 2020, marking the company's most successful year to date at that time. The company achieved profitability in its core business operations and demonstrated strong user satisfaction with high customer retention and long-term loyalty. Management expected revenue to double in 2022 based on strong performance in the first half of that year. Everphone's post-money valuation as of December 2021 was $170 million. The company raised capital from investors including AlleyCorp, ApolloCapital, Cadence Growth Capital, Signals Venture Capital, and T.Capital. By January 2024, the company had completed a Series D round of $21.72 million with investors including AlleyCorp, Cadence Growth Capital, Calista Capital, Capnor, Citigroup, founder Jan Dzulko, KfW, Phoenix Insurance Group, and Signal Ventures, at which point its valuation had grown to $271.45 million. The company employed approximately 300 people across offices in Berlin, Munich, and Miami.
Dec 2021Series CCadence Growth Capital (lead); Deutsche Bank; Signals Venture Capital; T.Capital; Phoenix Financial; AlleyCorp$65M-Everphone is a Berlin-based device-as-a-service provider offering smartphones, tablets, laptops, and other devices to enterprises on a subscription basis, emphasizing circular economy principles by extending device lifecycles and reducing e-waste. The company serves over 1,000 enterprise customers with more than 100,000 active devices in its fleet as of December 2021, enabling sustainable New Work practices amid rising remote work demands fueled by the covid-19 pandemic. On December 6, 2021, Everphone announced a $200 million funding package, comprising a $65 million Series C equity round led by Cadence Growth Capital—making it the largest shareholder—alongside AlleyCorp, Signals Venture Capital, and Deutsche Telekom, plus $135 million in green warehouse financing from Deutsche Bank and Phoenix Insurance. Funds were allocated to customer acquisition, internationalization, staff expansion, product development, and fleet growth beyond 100,000 devices. Everphone's model demonstrated strong traction with high customer satisfaction and low churn, positioning it for European and U.S. expansion, as validated by partnerships like co-selling with Deutsche Telekom. Follow-on financings included a €32 million Series C extension in September 2022 led by Cadence Growth Capital, and later rounds such as Series D in 2024 and mezzanine debt in 2025 with investors like AlleyCorp and Phoenix Insurance.
Jul 2020Series BSignals Venture Capital (lead); Tony Jamous; Cadence Growth Capital; Angel Invest; NIBC Bank; Jana Hecker; DTCP; ApolloCapital; Etienne Boillot; AlleyCorp$40M-Everphone, a Berlin-based provider of device-as-a-service (DaaS) solutions, raised €34 million ($39-40 million) in its Series B funding round on July 28, 2020, led by Signals Venture Capital with participation from Deutsche Telekom's Telekom Innovation Pool, AlleyCorp, and NIBC Bank. The company offers a B2B platform for renting, managing, repairing, and replacing corporate smartphones and tablets, including refurbished options, app pre-installation, and support services to streamline IT operations for businesses. Founded in 2016 by CEO Jan Dzulko, Everphone targeted expansion across Europe amid rising demand from remote work trends and digitization during lockdowns, postponing initial US plans to focus on the European market. The funding was aimed at business expansion and meeting increased demand for flexible device leasing models in the B2B mobile communications sector. Investors highlighted the customer-friendly rental approach complementing traditional leasing, with Deutsche Telekom noting growing financing needs. Subsequent rounds included a $32 million raise in 2022 and $200 million in 2021, followed by a €270 million ($272 million) Series D in a later year with investors like Citigroup, KfW, Cadence Growth Capital, Alleycorp, Signals Venture Capital, and founder Jan Dzulko. By then, Everphone managed over 350,000 devices for 1,000+ organizations, employed about 250 people, and aimed for €100 million revenue while approaching profitability, but these metrics post-date the 2020 round.
Dec 2018Series AApolloCapital (lead); Angel Invest$5M--
Dec 2017SeedJohannis Hatt; Angel Invest; ApolloCapital; Swiss Founders Fund$3M--
Oct 2016SeedApolloCapital (lead)$900K--

Who has invested in Everphone?

21 investors have backed Everphone across its funding rounds, including Signals Venture Capital, Cadence Growth Capital, ApolloCapital, AlleyCorp, Angel Invest and Kevin Ryan.

Lead investors include Cadence Growth Capital, Imocobel, Signals Venture Capital and ApolloCapital.


Everphone Investors

Investors in Everphone by funding rounds participated
InvestorHQRoundsRoleFirst check
Cadence Growth CapitalGermanyMunich4LeadJul 2020
Signals Venture CapitalGermanyBerlin4LeadJul 2020
ApolloCapitalGermanyMunich4LeadOct 2016
Angel InvestGermanyBerlin3ParticipantDec 2017
AlleyCorpUnited StatesNew York City, NY3ParticipantJul 2020
Kevin RyanUnited StatesNew York City, NY2ParticipantSep 2022
De Clercq and PartnersBelgiumSint-Martens-Latem1ParticipantJan 2024
Tony JamousUnited KingdomLondon1ParticipantJul 2020
ImocobelBelgiumBrussels1LeadJan 2024
Johannis HattGermanyBerlin1ParticipantDec 2017
Deutsche BankGermanyFrankfurt1ParticipantDec 2021
T.CapitalGermanyHamburg1ParticipantDec 2021
Jan DzulkoGermanyBerlin1ParticipantJan 2024

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Everphone Competitors

Everphone competitors include listed companies like Zeda, Catering International & Services, System Support Holdings and General de Alquiler, and private ones like Reliance International Leasing and Masterlease.

Public and private companies comparable to Everphone
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Reliance International LeasingIndiaMumbaiPrivate--$62M-
MasterleasePolandGdanskPrivate--$173M-
ZedaSouth AfricaSouth AfricaPublicly listed$655M$167M$175M1.0x
Catering International & ServicesFranceFrancePublicly listed$563M$49M$177M0.2x
System Support HoldingsJapanJapanPublicly listed$173M$16M$183M0.8x
General de AlquilerSpainSpainPublicly listed$364M$93M$156M1.4x

Everphone Public Comps

Everphone is still privately-owned, but its public comps include Zeda, Catering International & Services, System Support Holdings, General de Alquiler, Edianyun, Startia Holdings, Alta Equipment Group, Maghrebail, E-Guardian and AutoWallis.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zeda$655M$167M0.9x1.0x3.5x3.0x
Catering International & Services$563M$49M0.3x0.2x3.1x2.8x
System Support Holdings$173M$16M0.9x0.8x9.5x-
General de Alquiler$364M$93M1.5x1.4x5.7x5.6x
Edianyun$224M$45M1.9x-9.6x-
Startia Holdings$153M$25M1.1x1.1x6.6x-
Alta Equipment Group$1.8B$163M0.7x0.7x8.3x8.0x
Maghrebail$443M-3.2x---

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Common questions about Everphone

When was Everphone founded?Everphone was founded in 2016.
Where is Everphone headquartered?Everphone is headquartered in Berlin, Germany.
Is Everphone publicly listed?No, Everphone is a private, VC-backed company.
What is Everphone's valuation?Everphone was last valued at $170M in its Series C in September 2022.
How much funding has Everphone raised?Everphone has raised $168M across 7 funding rounds.
What was Everphone's last funding round?Everphone's last funding round was a $23M Series D in January 2024, led by Cadence Growth Capital and Imocobel.
Who are Everphone's investors?Everphone's investors include Cadence Growth Capital, Signals Venture Capital, ApolloCapital, Angel Invest, AlleyCorp, Kevin Ryan, De Clercq and Partners, Tony Jamous, Imocobel, Johannis Hatt and 11 others.
What is Everphone's revenue?Everphone's latest recorded revenue is $22M (September 2022).
What is Everphone's revenue multiple?Everphone's latest valuation implies a 7.7x revenue multiple ($170M valuation on $22M of revenue).
Which companies are comparable to Everphone?Companies comparable to Everphone include Reliance International Leasing, Masterlease, Zeda, Catering International & Services, System Support Holdings and General de Alquiler.

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