€15m · Other round · Telecom · Berlin, Germany
Berlin-based Everphone has secured €15m in refinancing from Commerzbank and Germany's KfW development bank to buy smartphones, laptops, tablets and other workplace devices for corporate customers. The financing is a corporate loan, not an equity round: it replaces financing tied to individual device pools and is based on Everphone's own creditworthiness. EU-Startups · Startbase
Everphone provides devices to businesses through long-term rental contracts and manages procurement, setup, security, replacements and end-of-life handling. Its official January 2026 update said the company managed more than 400,000 devices for over 1,000 organisations and employed around 250 people across Berlin, Munich and Miami. Everphone
Financing the fleet is part of the product
A device-as-a-service company has to fund hardware before rental payments arrive over time, so the cost and structure of capital directly affect unit economics. Everphone CFO Veronika von Heise-Rotenburg said the new arrangement reduces the interest margin by 20 basis points compared with the previous financing. The company expects the lower cost to support larger purchasing volumes, including replacement devices supplied to customers when hardware fails. EU-Startups
Moving from loans secured against separate device pools to a corporate facility can simplify how new inventory is financed. Instead of building a financing structure around each pool, Everphone can draw on its company credit to buy devices across customer contracts. That could make procurement more predictable and help the operating platform scale with demand, but it also concentrates more responsibility at company level: lenders will care about fleet utilisation, customer payment performance and the residual value of returned devices.
The facility builds on a longer relationship with Commerzbank, which Everphone describes as its principal bank, and marks KfW's second participation through its Venture Tech Growth Financing programme. In January, Everphone also expanded a separate credit structure involving Citi, NORD/LB and Värde Partners, including €45m of mezzanine financing. Everphone credit-facility announcement
The commercial test is whether cheaper, more flexible financing turns into better device economics rather than only a larger balance sheet. Everphone's model bundles hardware with lifecycle management and refurbishment, so returns depend on keeping devices productive across contracts and recovering value when they come back. The new facility gives it more purchasing capacity; utilisation, service costs and reuse rates will determine how much of that capital becomes durable margin.
Sources checked:
EU-Startups · Startbase · Everphone credit-facility announcement · Tech.eu Funding Explorer · Everphone imprint
