Funding round
Everphone Series B
Everphone, which works in device as a service solutions in Berlin, raised $40M in a Series B round announced on 28 Jul 2020, led by signals Venture Capital. 4 firms took part. It is Everphone's third venture round on record; the one before was a Series A in Dec 2018.
$40M
Amount raised
34,000,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Everphone did not disclose a valuation in this round. It came 19 months after Everphone's Series A. It is 7.4% of the $542M Everphone has raised in the venture rounds on record. Everphone raised again 17 months later: a Series C round of $200M in Dec 2021.
Everphone's funding rounds
Everphone has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Dec 2017 $3.0M
- Series A 5 Dec 2018, led by Apollo Capital $5.0M
- Series B this round 28 Jul 2020, led by signals Venture Capital $40M
- Debt not a venture round 6 Dec 2021 $135M
- Series C 6 Dec 2021, led by Cadence Growth Capital $200M
- Series D 17 Jan 2024, led by Citigroup, KfW Capital and The Phoenix Insurance Company LTD $294M
Investors
Who put money in
signals Venture Capital led the round with 3 other firms.
Lead investor
- signals Venture Capital new investor
Also in the round
- backs 80 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- NIBC Bank new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
660 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Thought Machine Tech Companies | 28 Jul 2020 | $125M | not disclosed | Eurazeo and Molten Ventures |
| Tech Companies | 1 Jul 2020 | $50M | not disclosed | not named |
| Tech Companies | 16 Jul 2020 | $37M | not disclosed | Greylock Partners |
| Tech Companies | 28 Jul 2020 | $31M | not disclosed | Zeev Ventures and 01A |
| Tech Companies | 23 Jul 2020 | $30M | not disclosed | Accel |
| Tech Companies | 8 Jul 2020 | $21M | not disclosed | Forté Ventures |
| Tech Companies | 8 Jul 2020 | $19M | not disclosed | Octopus Ventures |
| Tech Companies | 21 Jul 2020 | $18M | not disclosed | Blackbird and Costanoa |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Everphone raise in its Series B round?
Everphone raised $40M in its Series B round, announced in Jul 2020.
Who led Everphone's Series B round?
signals Venture Capital led it, with AlleyCorp, T. Capital and NIBC Bank.
What was Everphone's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
660 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.6 times the median.
Did Everphone raise again after this round?
Yes: a Series C round in Dec 2021 of $200M.