Deutsche Telekom has invested in Everphone’s series B round as the company expects a shift to remote work will bolster demand for its device leasing service.
Germany-based mobile device leasing service Everphone today raised €34m ($40m) in a series B round backed by Telekom Innovation Pool, an investment vehicle of telecommunications firm Deutsche Telekom.
Venture fund Signals Venture Capital led the round, which also included venture capital firm AlleyCorp and financial services provider NIBC.
Founded in 2016, Everphone allows businesses to rent smartphones and tablets. The company provides an end-to-end service, including the ability to have apps pre-installed, support, repairs and replacements. Businesses can choose between…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
