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 stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
