Phone Lessor Everphone Raises Funds at $272 Million Valuation
- Firm gets about €20 million in equity, €250 million in debt
- Everphone plans to use funds to expand in US and Europe
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German startup Everphone GmbH, which lends and refurbishes mobile phones for businesses, has been valued at about €250 million ($272 million) in a funding round, according to people familiar with the matter, a step aimed at expanding the company’s operations and getting it closer to a stock market listing.
Everphone sold new shares worth about €20 million, with the investment mainly coming from first-time investor Capnor, a vehicle for Belgium’s De Clercq family, as well as existing shareholders such as Cadence Growth Capital and the company’s founder, Jan Dzulko, according to a statement. Representatives for Everphone didn’t comment on the overall valuation.