July 31, 2020 Press

SMP advises Everphone on Series B financing round

Berlin - SMP has advised the smartphone rental service Everphone in its Series B financing round. In addition to lead investor Signals VC, AlleyCorp, Telekom Innovation Pool and the Dutch NIBC Bank invested a total of around 34 million euros in the Berlin-based company. According to Everphone, the capital raised will be used to expand the product and grow the equipment fleet. Everphone received comprehensive legal advice from a team led by SMP partner Benjamin Ullrich.

"Despite the Corona pandemic, Everphone was able to raise 34 million Euros within the scope of this Series B. This transaction once again underlines the importance that is attached to flexible rental models ("Device-as-a-Service") in all areas" says SMP partner Benjamin Ullrich "We are delighted that we had the opportunity to accompany Everphone in this process as legal advisors."

Everphone is a Berlin-based rental service for smartphones. Founded in 2016 by Jan Dzulko, Everphone offers a one-stop solution for corporate mobile phones. This includes a rental model for smartphones and tablets, a 24h exchange service and a free MDM for the rented devices.

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors Lightspeed/Viola: SMP
Dr. Benjamin Ullrich (Lead), Partner
Dr. Adrian Haase, Senior Associate