Berlin-based smartphone-as-a-service supplier, Everphone, has topped up with $65 million in a Series C fairness elevate along with taking $135M in debt financing — for a complete elevate of $200M.

The newest tranche of funding is led by German personal fairness investor, Cadence Growth Capital (CGC), which is now Everphone’s greatest shareholder.

Deutsche Telekom, AlleyCorp and alerts Venture Capital additionally participated as returning traders.

The new financing follows Everphone’s $40M Series B, closed in summer season 2020, because the 2016-founded startup reported an uplift in curiosity pushed by the COVID-19-triggered distant working growth.

Everphone’s enterprise takes care of the provision, help, restore/alternative and recycling of cellular units (smartphones and tablets) for enterprises prospects — billed beneath a per-user month-to-month subscription.

It’s a tool rental mannequin the startup touts as being extra sustainable than different routes for provisioning cellular units (resembling shopping for units outright) — arguing it saves environmental useful resource by baking in circularity from the beginning.

As effectively as taking good care of its prospects’ {hardware} procurement wants — and the refurbishment/recycling/reuse of used cellular units — Everphone bakes in MDM (cellular machine administration), touting diminished IT help prices as one other perk of paying it to take the machine pressure.

Over the previous yr it’s been increasing internationally — and says the brand new capital will go towards additional internationalization in Europe and the US because it vies as much as win extra prospects.

Series C funds may also go on rising its headcount, spending on product growth, and rising its lively machine fleet — which it says now numbers over 100,000 units.

Commenting in a press release, Leonard Clemens, co-founder and managing companion at CGC, added: “We have been accompanying Everphone for years and see great potential for a successful positioning as a partner for customers from the enterprise and SME sectors in Germany, Europe, and the USA. Everphone‘s one-stop solution fits perfectly into our time of change enabling flexible working hours and, lately, hybrid location models. This makes Everphone an enabler of New Work and, at the same time, implements sustainability with a significant contribution to the Circular Economy.”