Everphone secures €270M to expand Device-as-a-Service globally
Everphone, a company specialising in leasing work phones to businesses, has raised nearly €270 million in its latest funding round. The Berlin-based firm plans to use the capital for expansion in Europe and the US while strengthening its cybersecurity measures. The Series D round included €21 million in equity from new investor Imocobel and existing backers. An additional €250 million came from debt financing, with lenders such as Citi, Phoenix Insurance, and KfW participating. Legal firm Hogan Lovells advised Everphone during the process.
The company will direct the funds toward growing its Device-as-a-Service (DaaS) offerings. Key focus areas include Mobile Device Management and Mobile Threat Defense. Alongside expansion, Everphone is pursuing ISO 27001 certification to improve data security standards.
While Everphone ranks among the leading global providers in the Mobile Device as a Service market, specific figures on its US market share since 2020 remain unavailable. The €270 million injection will support Everphone's push into new markets and bolster its cybersecurity framework. The company's DaaS model, which provides businesses with leased smartphones, is set to expand further across Europe and the US.
Read also:
- Federal Funding Supports Increase in Family Medicine Residency Program, Focusing on Rural Health Developments
- Potential Role of DHA in Shielding the Brain from Saturated Fats?
- Alternative Gentle Retinoid: Exploring Bakuchiol Salicylate for Sensitive Skin
- Hanoi initiates a trial program for rabies control, along with efforts to facilitate the transition from the dog and cat meat trade industry.
