Funding round
Everphone Series C
Everphone, which works in device as a service solutions in Berlin, raised $200M in a Series C round announced on 6 Dec 2021, led by Cadence Growth Capital. 6 firms took part. It is Everphone's fourth venture round on record; the one before was a Series B in Jul 2020.
$200M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Everphone did not disclose a valuation in this round. It came 17 months after Everphone's Series B. It is 37% of the $542M Everphone has raised in the venture rounds on record. Everphone raised again 25 months later: a Series D round of $294M in Jan 2024.
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 28 Jul 2020, led by signals Venture Capital $40M
- Debt not a venture round 6 Dec 2021 $135M
- Series C this round 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
Cadence Growth Capital led the round with 5 other firms.
Lead investor
- backs 5 venture-backed companies new investor
Also in the round
- backs 25 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- signals Venture Capital new investor
- Deutsche Bank new investor
- Phoenix Insurance new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
495 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Dec 2021 | $395M | $3.60B | not named |
| Tech Companies | 27 Dec 2021 | $200M | $1.50B | Stripes and Sapphire Ventures |
| Tech Companies | 15 Dec 2021 | $135M | $1.00B | Georgian and Lightspeed |
| Quantive Tech Companies | 1 Dec 2021 | $120M | not disclosed | Index Ventures |
| Tech Companies | 1 Dec 2021 | $100M | $800M | The Westly Group |
| Tech Companies | 23 Dec 2021 | $100M | $1.25B | Coatue and Andreessen Horowitz |
| Tech Companies | 21 Dec 2021 | $75M | not disclosed | Insight Partners |
| Tech Companies | 15 Dec 2021 | $65M | not disclosed | Steadfast Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Everphone raise in its Series C round?
Everphone raised $200M in its Series C round, announced in Dec 2021.
Who led Everphone's Series C round?
Cadence Growth Capital led it, with T. Capital, AlleyCorp, signals Venture Capital, Deutsche Bank and Phoenix Insurance.
What was Everphone's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
495 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median.
Did Everphone raise again after this round?
Yes: a Series D round in Jan 2024 of $294M.