Berlin \u2014 Equity and debt finan\u00adcing achie\u00adved by ever\u00adphone amounts to $200 million. Growth inves\u00adtor Cadence Growth Capi\u00adtal led the equity finan\u00adcing as lead inves\u00adtor. In addi\u00adtion, exis\u00adting inves\u00adtors Deut\u00adsche Tele\u00adkom, Alley\u00adCorp and signals Venture Capi\u00adtal again inves\u00adted in the Berlin-based startup. The addi\u00adtio\u00adnal debt capi\u00adtal in the form of green loans under a warehouse finan\u00adcing struc\u00adture comes from Deut\u00adsche Bank and The Phonenix Insu\u00adrance Company. YPOG again advi\u00adsed smart\u00adphone-as-a-service provi\u00adder ever\u00adphone in this finan\u00adcing round.<\/p>\n
While ever\u00adphone relied on the advice of Hogan Lovells part\u00adner Diet\u00admar Helms\u2019 team for the debt finan\u00adcing struc\u00adture, as in the past, YPOG provi\u00added compre\u00adhen\u00adsive advice on the equity finan\u00adcing round as well as corpo\u00adrate law aspects of the debt finan\u00adcing. Follo\u00adwing the successful comple\u00adtion of the finan\u00adcing round, Cadence Growth Capi\u00adtal<\/strong> is now ever\u00adpho\u00adne\u2019s largest shareholder.<\/p>\n With the fresh capi\u00adtal, the company plans to further advance the circu\u00adlar economy in the field of mobile devices, which aims to fully or parti\u00adally reuse raw mate\u00adri\u00adals to conserve finite resour\u00adces such as rare earths and other compon\u00adents. In order to further expand market share, the new finan\u00adcial resour\u00adces will be used, among other things, for acti\u00advi\u00adties to acquire new busi\u00adness custo\u00admers. In addi\u00adtion, the company says the money will also go toward further inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion, staff augmen\u00adta\u00adtion, product deve\u00adlo\u00adp\u00adment and growth of its active device fleet, which alre\u00adady exceeds 100,000 devices.<\/p>\n ever\u00adphone recei\u00adved compre\u00adhen\u00adsive legal advice from a YPOG team co-led by part\u00adners Benja\u00admin Ullrich (photo) <\/strong>and Matthias Kres\u00adser<\/strong>. The Berlin-based company had alre\u00adady relied on a team led by Benja\u00admin Ullrich for the previous capi\u00adtal increase in mid-2020.<\/p>\n \u201cWe are plea\u00adsed to conti\u00adnue to accom\u00adpany the ever\u00adphone team on its impres\u00adsive jour\u00adney, espe\u00adci\u00adally because ever\u00adpho\u00adne\u2019s flexi\u00adble rental model (\u201cdevice-as-a-service\u201d) has a parti\u00adcu\u00adlar impact on our approach to finite resour\u00adces,\u201d said YPOG part\u00adner Benja\u00admin Ullrich. \u201cWe are alre\u00adady exci\u00adted about the next steps and hope that ever\u00adphone will also serve as a role model for other start\u00adups in the important field of circu\u00adlar economy,\u201d adds YPOG part\u00adner Matthias Kresser.<\/p>\n About ever\u00adphone Consul\u00adtant ever\u00adphone: YPOG<\/strong> About YPOG Berlin \u2014 Equity and debt finan\u00adcing achie\u00adved by ever\u00adphone amounts to $200 million. Growth inves\u00adtor Cadence Growth Capi\u00adtal led the equity finan\u00adcing as lead inves\u00adtor. In addi\u00adtion, exis\u00adting inves\u00adtors Deut\u00adsche Tele\u00adkom, Alley\u00adCorp and signals Venture Capi\u00adtal again inves\u00adted in the Berlin-based startup. The addi\u00adtio\u00adnal debt capi\u00adtal in the form of green loans under a warehouse [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39114,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1369,1373,1389],"tags":[],"class_list":["post-40205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-venture-capital-en","category-private-debt-mezzanine-financing-en"],"yoast_head":"\n
\n<\/strong>
\never\u00adphone is a one-stop solu\u00adtion for corpo\u00adrate smart\u00adphones. Since 2016, the startup has been offe\u00adring an inno\u00adva\u00adtive concept for the procu\u00adre\u00adment, manage\u00adment and inte\u00adgra\u00adtion of mobile devices such as smart\u00adphones and tablets in the corpo\u00adrate context. The \u201cPhone as a Service\u201d model gives employees a free choice of company phones, allows flexi\u00adble upgrades and repla\u00adce\u00adment of devices, and includes both DSGVO-compli\u00adant mobile device manage\u00adment (MDM) and a rapid repla\u00adce\u00adment service in the event of defects. The port\u00adfo\u00adlio includes devices from Apple, Samsung, Nokia, Google and Fair\u00adphone. Since Decem\u00adber 2020, ever\u00adphone has been an offi\u00adcial B2B part\u00adner of Samsung Elec\u00adtro\u00adnics\u2019 DaaS stra\u00adtegy in Germany. ever\u00adphone was foun\u00added by former CHECK24 execu\u00adtive Jan Dzulko and employs over 170 people in Berlin. In addi\u00adtion to nume\u00adrous start\u00adups and SMEs, ever\u00adphone custo\u00admers also include global play\u00aders such as Henkel, Ernst & Young and TIER Mobi\u00adlity. Inves\u00adtors include Dr. Henrich Blase (foun\u00adder of CHECK24), Kevin Ryan (foun\u00adder of MongoDB\/ Busi\u00adness\u00adIn\u00adsi\u00adder), Cadence Growth Capi\u00adtal, Deut\u00adsche Tele\u00adkom and signals Venture Capital.<\/p>\n
\nDr. Benja\u00admin Ullrich (Co-Lead\/\u00adTran\u00adsac\u00adtion\u00ads\u00ad\/\u00adCor\u00adpo\u00adrate), Partner
\nMatthias Kres\u00adser (Co-Lead\/\u00adTran\u00adsac\u00adtion\u00ads\u00ad\/\u00adVen\u00adture Debt), Asso\u00adcia\u00adted Partner
\nEmma Peters (Transactions\/Corporate), Senior Associate
\nChris\u00adtiane Schnitz\u00adler (Transactions\/Corporate), Associate
\nBilal Tirsi (Transactions\/Venture Debt), Associate<\/p>\n
\n<\/strong>
\nYPOG is a specia\u00adlist tax and commer\u00adcial law firm, opera\u00adting in the core areas of corpo\u00adrate, funds, liti\u00adga\u00adtion, tax, tran\u00adsac\u00adtions, IP\/IT and nota\u00adrial services. The YPOG team advi\u00adses a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. YPOG is one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. The firm and its part\u00adners are natio\u00adnally and inter\u00adna\u00adtio\u00adnally ranked by JUVE, Best Lawy\u00aders, Legal 500, Focus, and Cham\u00adbers and Part\u00adners. Today, YPOG employs more than 70 expe\u00adri\u00aden\u00adced lawy\u00aders, tax advi\u00adsors, tax specia\u00adlists and a notary in three offices in Berlin, Hamburg and Colo\u00adgne. www.ypog.law<\/p>\n","protected":false},"excerpt":{"rendered":"