Everphone Secures €15Mn to Expand Workplace Device Leasing

The refinancing was provided by Commerzbank and German development bank KfW. The new financing will support Everphone’s device leasing business and help companies provide employees with updated workplace devices.

The latest financing comes after Everphone raised €270 million in Series D funding in 2024. KfW also participated in that funding round. Everphone is focused on its circular Device-as-a-Service model, which allows businesses to lease and manage devices for their employees.

“In Device-as-a-Service, profitability is determined at the level of unit economics, and financing costs are one of the largest items there. Our corporate finance team has set up several facilities in recent years and has further reduced the interest margin with each round. The arrangement with Commerzbank and KfW represents the biggest step to date in terms of inventory,” says Veronika von Heise-Rotenburg, CFO, Everphone.

“Everphone demonstrates how technology, the circular economy and a scalable business model can be combined. We are delighted that our purchase financing is helping Everphone to capitalise on its growth opportunities and further expand its market position. For us, the tailor-made financing of growth companies with innovative business models – developed in collaboration with KfW – is a key component of our commitment as a leading financing partner for German SMEs,” adds Mirjam Kuppe-Klötzer, Senior Specialist, Corporate Lending, Commerzbank Corporate Clients.

“Scale-ups need financing solutions that combine speed and predictability, particularly during their growth phase. This is precisely where we come in with KfW’s Venture Tech Growth Financing programme, in collaboration with Commerzbank, to support Everphone in positioning itself as an integral tech and sustainability partner for its customers,” says Jochen Eichmann, Head of Venture Tech Growth Financing, KfW.

Founded in 2016, Everphone provides Device-as-a-Service (DaaS) solutions for businesses. It supplies smartphones, tablets, laptops, and other work devices, while also handling setup, management, security, repairs, and replacements.

Everphone allows employees to choose the devices they prefer through its “Choose-your-own-Device” feature. Companies can also move their existing devices to the platform through a buy-and-rent-back model.

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