Berlin – A YPOG team co-led by Benjamin Ullrich, Adrian Haase and Emma Peters provided comprehensive advice to smartphone-as-a-service provider everphone on the extension of its Series C financing round with a total volume of €32 million. Cadence Growth Capital (CGC) led the Series C extension round and continues to invest alongside existing investors such as Kevin Ryan in the leading B2B phone-as-service pioneer.
The recently released annual report of 2021 records the company's biggest success to date, with revenues totaling €19 million and a 170% increase over the previous year. The forecast for 2022 envisages another significant increase.
After the first round of the Series C in 2021 with over $200 million in equity and debt capital, the management team of CEO Jan Dzulko and CFO Dr. Veronika von Heise-Rotenburg plans to use the proceeds of this funding round to drive internationalization. Additionally, the new capital will flow into product development and the growth of the device fleet.
Advisors everphone:
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner
Dr. Emma Peters (Co-Lead, Transactions), Senior Associate
Christiane Schnitzler (Transactions), Associate
Alexandra Steifensand (Transactions), Associate
About everphone
Founded in 2016, everphone is a pioneer in the Device as a Service (DaaS) business. The Berlin-based company offers companies flexibility, reliability, and an easier way to manage smartphones, tablets, and laptops. everphone was founded by former CHECK24 executive Jan Dzulko and employs over 250 people worldwide. everphone customers include numerous start-ups and SMEs as well as global enterprises. Investors include Cadence Growth Capital, Deutsche Telekom, signals Venture Capital, Dr. Henrich Blase (founder of CHECK24), and Kevin Ryan (founder of MongoDB/BusinessInsider). More information at www.everphone.com/
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About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.
