Everphone lands €15M debt refinancing from Commerzbank and KfW
What's the deal? Berlin-based Device-as-a-Service provider Everphone has secured €15 million in refinancing from Commerzbank and state-owned development bank KfW. The debt refinances the company's device inventory ahead of schedule, at an interest margin 20 basis points lower than its previous arrangement.
What's the endgame? Everphone buys smartphones, laptops, tablets, and other workplace devices, then leases them to companies under long-term contracts for use by their employees. It will use the capital to fund new device purchases.
Why now? For the first time, the financing rests on a corporate loan backed by Everphone's creditworthiness rather than on individual device pools. Chief financial officer Veronika von Heise-Rotenburg called it the company's biggest step to date in financing its device inventory.
What could go wrong? The model is capital-intensive: Everphone must buy devices before recouping costs through ongoing rental payments, so faster growth means larger capital needs. It reported positive earnings before taxes for the first time in August 2026, but a single month does not equal full-year profitability.
KfW is backing the deal through its Venture Tech Growth Financing program, its second commitment to Everphone after rounds in 2023 and 2024. Commerzbank, Everphone's primary bank for ten years, is co-providing the funds.
"Scale-ups, especially during their growth phase, need financing solutions that combine speed and predictability," said Jochen Eichmann, head of Venture Tech Growth Financing at KfW.
The signal: The deal underscores how cost of debt shapes the Device-as-a-Service model. Cheaper financing lowers the cost of capital over each lease term and could let Everphone buy in larger volumes, directly improving unit economics.
Read more: startbase.com
Image credit: Everphone
