The on-demand digital device provider plans to expand through replicating its collaboration with existing investor Deutsche Telekom.

Telecommunications firm Deutsche Telekom has participated in a $200m financing round for Germany-based electronic device services provider Everphone and will continue to collaborate with it, Everphone CEO Jan Dzulko has told Global Corporate Venturing.

Cadence Growth Capital led the $65m series C equity portion of the round, which included Deutsche Telekom, AlleyCorp and Signals Venture Capital, while Deutsche Bank and Phoenix Insurance Company supplied a $135m warehouse financing facility.

Everphone’s service enables businesses to access smartphones, tablets and laptops for…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.