Cadence Growth Capital (CGC) leads $200m round in everphone.
Cadence Growth Capital (CGC) led a $200m funding round for the start-up everphone, a revolutionary company rethinking the way we view technology in a circular way.
They provide a phone-as-service concept, making the procurement, management, and integration of corporate mobile devices easier and more sustainable.
Investors in this pioneering concept include Deutsche Telekom, AlleyCorp, and signals Venture Capital, who have all invested before, as well as the Deutsche Bank and the Phoenix Insurance Company who provided green loans within a warehouse financing facility.
CGC is a growth private equity investor, with a focus on those tech companies in the DACH region that show great organic and inorganic growth potential, such as the fast-growing company everphone.
CGC not only provides capital, but also expertise and a big network, stemming from the fact that they manage and invest capital from many HNWIs and institutional actors from a broad range of fields, such as the founder, M&A, Private Equity, consulting, and corporate communities.
CGC's partners have previously been involved in more than 30 transactions as investors with an investment volume of over EUR 2 billion.
Working alongside the CGC team, Dr. Philip Mostertz from Orbit Fund Boutique supported and advised on this funding round.