Commerzbank and KfW, Germany’s state-owned development bank, have provided a €15m corporate loan to Berlin-based Everphone, with KfW participating through its Venture Tech Growth Financing programme. Everphone will use the proceeds to buy smartphones, laptops, tablets and other workplace devices leased to companies under long-term Device-as-a-Service contracts.
Everphone restructured the financing of its device inventory ahead of schedule. Startbase reported that this is the first time the financing is based on Everphone’s own creditworthiness rather than individual device pools, after the company previously used asset-based financing. Everphone said the margin is 20 basis points lower than on its previous financing and should support larger purchase volumes at lower unit costs, including free replacement devices.
Founded in 2016, Everphone is headquartered in Berlin, with offices in Munich and Miami, and has around 250 employees. Led by founder and chief executive Jan Dzulko, it manages more than 400,000 devices for more than 1,000 organisations and reached positive earnings before tax for the first time in August 2026, without giving figures.
Commerzbank has worked with Everphone for ten years and is its principal bank. This is KfW’s second Everphone financing through Venture Tech Growth Financing after a 2023/2024 financing. Everphone’s recent financing history includes a January 2026 package in which Citi remained a provider through a lease and residual-value securitisation, NORD/LB joined as a senior lender and Värde provided €45m of mezzanine financing to refinance existing mezzanine debt and fund rental contracts. In January 2024, Everphone announced a €270m financing led by Citigroup, with KfW and The Phoenix Insurance Company among the financing providers.