Using Rather Than Owning – Everphone Funding

Berlin-based Everphone gained approx €177M in a new funding round, siliconcanals reports. Everphone leases smartphones, tablets and laptops to companies so they can outsource some of their hardware headaches. The business model is successful in Germany and Everphone now intends to expand throughout Europe and the US. While a partner of Samsung Electronics’ B2B device-as-a-service strategy, Everphone also has Macs and Fairphones. One of the investors is Cadence Growth Capital (CGC), whose Managing Partner Leonard Clemens comments, Everphone is an “enabler of New Work and implements sustainability with a significant contribution to the circular economy.”