Everphone

The company's business model is centered on a rental system, shifting enterprise mobile device expenses from capital expenditure (CapEx) to a predictable operating expenditure (OpEx). Clients, which range from small and medium-sized enterprises to large global players like Ernst & Young and Henkel, pay a monthly fee per device. This fee covers the entire device lifecycle, including sourcing, configuration with mobile device management (MDM) software, deployment to employees, repairs, and eventual return and data erasure. A key feature of the service is a rapid replacement policy for damaged devices, aiming to minimize employee downtime. The platform also features a portal that empowers employees to manage their own devices, such as initiating repairs or upgrades, under company-controlled cost parameters.

A significant aspect of Everphone's value proposition is the 'Choose Your Own Device' (CYOD) policy, which allows employees to select their preferred smartphone model. This serves as a corporate benefit and boosts employee satisfaction and productivity. If an employee chooses a premium model beyond the company's budget, a co-payment plan can be arranged. The firm generates revenue not only from the rental fees but also from the back end of the device lifecycle. By refurbishing and re-integrating returned devices into a second usage cycle, Everphone extends the hardware's life, contributing to a circular economy and helping clients meet ESG reporting requirements. This sustainable approach also generates cost efficiencies. The company has demonstrated substantial growth, reporting over €75 million in revenue and an EBITDA of €30 million in 2023. Following a €270 million Series D financing round in January 2024, Everphone is focused on international expansion in Europe and the US, with an American headquarters established in Miami, Florida.