everphone raised 34 million euros Series B funding led by signals Venture Capital and Deutsche Telecom

Everphone, a Berlin, Germany-based platform operator for mobiles as a service device rentals, announced closing in a €34 million ($39M) Series B funding round.

The round was 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 — U.S.-based early-stage VC AlleyCorp and Dutch bank NIBC.

Proceeds will be used for business expansion.

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.