Berlin-based Device-as-a-Service company Everphone has secured €15 million in refinancing. The funding will help the company provide employees at its client companies with new workplace devices through long-term leasing plans.
The financing was provided by Commerzbank and development bank KfW.
“In Device-as-a-Service, profitability is determined at the level of unit economics, and financing costs are one of the largest items there. Our corporate finance team has set up several facilities in recent years and has further reduced the interest margin with each round. The arrangement with Commerzbank and KfW represents the biggest step to date in terms of inventory,” says Veronika von Heise-Rotenburg, CFO, Everphone.
Everphone’s refinancing comes at a time when financing activity for European device-subscription and business-equipment companies remains limited in 2026.
“Everphone demonstrates how technology, the circular economy and a scalable business model can be combined. We are delighted that our purchase financing is helping Everphone to capitalise on its growth opportunities and further expand its market position. For us, the tailor-made financing of growth companies with innovative business models – developed in collaboration with KfW – is a key component of our commitment as a leading financing partner for German SMEs,” adds Mirjam Kuppe-Klötzer, Senior Specialist, Corporate Lending, Commerzbank Corporate Clients.
Founded in 2016, Everphone is a Device-as-a-Service (DaaS) company that helps businesses provide smartphones, tablets, laptops, and other workplace devices to their employees.
Everphone manages the full process, including buying, setting up, managing, securing, and replacing devices. Its “Choose-your-own-Device” feature lets employees select the device they prefer. Companies can also add existing devices through its buy-and-rent-back option.
The company also provides services for mobile device management (MDM), mobile threat protection, and mobile tariff management.
“Scale-ups need financing solutions that combine speed and predictability, particularly during their growth phase. This is precisely where we come in with KfW’s Venture Tech Growth Financing programme, in collaboration with Commerzbank, to support Everphone in positioning itself as an integral tech and sustainability partner for its customers,” says Jochen Eichmann, Head of Venture Tech Growth Financing, KfW.
Financing costs are a major part of the overall cost of running a Device-as-a-Service business. Everphone’s new financing deal has an interest margin that is 20 basis points lower than its previous financing, helping reduce costs.
The lower financing costs are expected to improve Everphone’s unit economics. This means the company can provide its device services at a lower cost per device.
The better financing terms also allow Everphone to purchase more devices at lower prices. This is especially useful for replacement devices, which the company provides to customers free of charge when a device breaks down.
