Funding round
Everphone Series D
Everphone, which works in device as a service solutions in Berlin, raised $294M in a Series D round announced on 17 Jan 2024, led by Citigroup, KfW Capital and The Phoenix Insurance Company LTD. 10 firms took part. It is Everphone's fifth venture round on record; the one before was a Series C in Dec 2021.
$294M
Amount raised
270,000,000 EUR converted
Not disclosed
Post-money valuation
10
Investors
3 leads
Valuation
What this round says about the price
Everphone did not disclose a valuation in this round. It came 25 months after Everphone's Series C. It is 54% of the $542M Everphone has raised in the venture rounds on record. No later venture round is on record for Everphone.
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 6 Dec 2021, led by Cadence Growth Capital $200M
- Series D this round 17 Jan 2024, led by Citigroup, KfW Capital and The Phoenix Insurance Company LTD $294M
Investors
Who put money in
Citigroup, KfW Capital and The Phoenix Insurance Company LTD led the round with 7 other firms.
Lead investors
- Citigroup new investor
- backs 13 venture-backed companies new investor
- The Phoenix Insurance Company LTD new investor
Also in the round
- new investor
- Calista new investor
- backs 5 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- Jan Dzulko new investor
- new investor
- Signals Venture Capital 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
89 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was 3.7 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jan 2024 | $116M | $1.00B | Brighton Park Capital |
| Tech Companies | 17 Jan 2024 | $110M | not disclosed | RedBird Capital Partners |
| Glean Tech Companies | 26 Feb 2024 | $200M | $2.20B | Kleiner Perkins and Lightspeed Venture Partners |
| GreyOrange Tech Companies | 20 Dec 2023 | $135M | not disclosed | Anthelion Capital |
| Tech Companies | 1 Feb 2024 | $100M | $1.70B | Presight Capital |
| Tech Companies | 21 Feb 2024 | $75M | not disclosed | Sutter Hill Ventures |
| Tech Companies | 14 Dec 2023 | $16M | not disclosed | Groupe BPCE and Crédito Agrícola |
| Tech Companies | 10 Feb 2024 | $3.0M | not disclosed | Pi Labs |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Everphone raise in its Series D round?
Everphone raised $294M in its Series D round, announced in Jan 2024.
Who led Everphone's Series D round?
Citigroup, KfW Capital and The Phoenix Insurance Company LTD led it, with CAPNOR, Calista, Cadence Growth Capital, AlleyCorp and Jan Dzulko and 2 more.
What was Everphone's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
89 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was 3.7 times the median.