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Everphone secures $40m in a Series B funding

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Everphone announced a €34 million Series B funding round today, led by new investor signals Venture Capital. Other new investors joining the round include German carrier Deutsche Telekom investing via its strategic investment fund, Telekom Innovation Pool US-based early stage VC AlleyCorp and Dutch bank NIBC.

The Series B financing will go on expanding to meet rising demand, and increase in sales volume vs the pre-crisis period, thanks to a doubling of inbound leads during the pandemic.

The latest startup to see an uplift in inbound interest flowing from the remote work boom triggered by the coronavirus pandemic is Everphone, which sells a ‘mobile as a service’ device rental package that caters to businesses needing to kit staff out with mobile hardware plus associated support.

“The global pandemic has been a catalyst for growth in the field of digitization,” said CEO and co-founder, Jan Dzulko, in a statement. “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.”

Everphone describes its offer as a one-stop-shop, with the service covering not just the rental of (new or refurbished) smartphones and tablets but an administration and management wrapper that covers support needs, including handling repairs/replacements — with the promise of replacements within 24 hours if needed and less client risk from not having to wrangle traditional rental insurance fine print.

 

 

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