everphone in a $200 million debt and equity financing round led by Cadence Growth Capital.

Everphone, a Berlin, Germany-based platform operator for mobiles as a service device rentals, announced securing a financing round closed at $200 million.

The money is mostly debt and includes a $65 million equity component, dubbed series C and led by German private equity investor Cadence Growth Capital (CGC), which is now Everphone’s biggest shareholder. Other investors contributing with money include Deutsche Telekom, AlleyCorp and Signals Venture Capital.

Everphone, founded in 2016 and led by CEO Jan Dzulko, built a B2B platform providing a phone-as-a-service intended to offer phone renting and repairing services. The company's platform focuses on offering device management and hardware advisory services and lets employees choose and borrow mobile phones and tablets on a rental basis instead of buying them, enabling corporate workers to access phone repairing and rental services for broken phones and other refurbishing services at affordable pricing.

Everphone previously raised €34 million Series B in 2020.