Everphone Pitch Deck: All 18 Slides + Teardown

See all 18 slides of the Everphone pitch deck — a 2021 Series C deck — with a slide-by-slide teardown of what the deck does well and where it falls short.

Everphone’s Series C deck is a sophisticated example of how to pitch a capital-intensive business by emphasizing software-enabled efficiency and superior unit economics. Raising $200M in 2021, the Berlin-based startup successfully framed the transition from device leasing to 'Phone-as-a-Service' as an inevitable shift similar to the rise of cloud computing. The deck excels at demonstrating 'stickiness' through churn analysis and highlights a 31% EBT margin based on 2023 cohort projections. By positioning their circular economy approach as both a sustainability win and a profitability driver,…

Key takeaways

Slide 1-2: Title and Branding

The deck opens with a clean, professional cover slide establishing the brand identity. The tagline 'Phone-as-a-Service for Companies' immediately categorizes the business model. The date, June 2021, aligns with the reported Series C timing. The imagery of a smartphone with the company logo reinforces the product focus without unnecessary clutter.

Slide 3: The $700B Market Opportunity

Everphone sets the stage by defining a massive, fragmented market. They cite a Total Addressable Market (TAM) of $700B for B2B smart devices, calculated based on a global labor pool of 3.3 billion workers. The Serviceable Addressable Market (SAM) is narrowed to $308B (US and EU markets), and their Serviceable Obtainable Market (SOM) is a conservative $15B, representing 5% of the SAM. The slide highlights a 12% CAGR, indicating a growing tailwind. Crucially, the right side of the slide lists the 'fragmented' status quo: leasing companies, insurance, and IT service providers acting as disconnected intermediaries.

Slide 4-5: The Solution - Unclogging IT

Slide 5 is a pivotal 'Before vs. After' visualization. The 'Leasing + Internal IT + Service Provider + Insurance' side shows a chaotic web of interactions involving employees, helpdesks, repair centers, and banks. In contrast, the 'Phone-as-a-Service' side shows Everphone as the central hub, streamlining all these functions. The slide explicitly states that the $700B leasing market will 'completely shift' to this agile service model, positioning Everphone as the primary beneficiary of this transition.

Slide 6-7: Timing and the Cloud Analogy

Everphone uses a powerful analogy on Slide 7: comparing the shift in smartphones to the shift in server hosting. They argue that just as cloud computing made server leasing obsolete in 2006 by offering flexibility and lower Total Cost of Ownership (TCO), Everphone is doing the same for mobile devices. They claim to be '4 years ahead of the competition,' which they define as managed hosting providers who still rely on traditional leasing structures. This framing elevates the business from a logistics play to a 'Cloud for Smartphones' tech play.

Slide 8-9: The Deep Moat of Software

To defend their valuation, Slide 9 argues that Everphone is a 'software-enabled company.' A donut chart shows that the majority of their focus is on 'Analytics, Product Innovation, Tech, and Operations' rather than just Sales and Marketing. They showcase their fully digitized service through mobile app screenshots and data visualizations. The 'Deep Moat' is their proprietary backend, which they claim makes the back office efficient and uses Business Intelligence (BI) to ensure they always have the best price information for devices.

Slide 10-11: Unit Economics and Profitability

Slide 11 is arguably the most important slide for a Series C round. It provides a granular breakdown of unit economics based on their 2023 cohort. For a single device, they project €728 in rental revenue plus €184 in residual value. Against a €490 CAPEX, they show a 46% gross margin (A1). After subtracting repairs (€55), CAC (€20), OPEX (€40), and Interest (€20), they arrive at a 31% EBT (Earnings Before Tax) margin. This level of transparency is designed to prove that the business scales profitably despite the high upfront costs of purchasing hardware.

Slide 12-13: Stickiness and Churn Analysis

Slide 13 addresses the 'Stickiness' of the service. With 600+ customers acquired, they report a remarkably low 2% churn rate. A flow chart breaks down the 13 churned customers: 12 were due to insolvencies (unintended) and only 1 was due to cost-cutting. This suggests that once a company integrates Everphone into their IT workflow, they rarely leave. They use EY (Ernst & Young) as a case study, noting that the client stayed beyond their 24-month contract into month 30 because reversing the integration would be too expensive for their IT department.

Slide 14-15: The Circular Economy and Sustainability

Slide 15 connects environmental impact with financial performance. Their business model is 'built upon circularity,' involving resource-saving procurement, lifetime extension, and reselling. They cite 58kg of CO2 savings per refurbished device. The 'kicker' on this slide is the note that major customers like EY actually want to keep equipment longer to meet their own CO2 reduction goals. This is a rare instance where a sustainability goal perfectly aligns with the startup's profitability, as longer rental periods on depreciated assets yield higher margins.

Slide 16-17: The Investors and Social Proof

Slide 17 showcases the 'amazing investors' supporting the company. Instead of a standard team slide featuring the founders' CVs, Everphone highlights its board and backers. This includes heavy hitters like Kevin Ryan (MongoDB founder) and Dr. Henrich Blase (CHECK24 founder), alongside institutional VCs like DTCP and Signals.vc. This slide serves to de-risk the investment by showing that sophisticated operators have already performed due diligence and committed capital.

Slide 18: Closing

The deck concludes with a simple contact slide, maintaining the green and white brand aesthetic established at the beginning.

What Everphone Does Well

Everphone excels at narrative reframing . By comparing their business to the rise of cloud computing (Slide 7), they move the conversation away from 'hardware rental' (a low-multiple business) toward 'infrastructure-as-a-service' (a high-multiple business). This is a critical distinction for a $200M round where valuation multiples are under intense scrutiny.

The unit economics transparency on Slide 11 is a masterclass in building investor confidence. They don't just show revenue; they show the entire lifecycle of the asset, including residual value and interest costs. This demonstrates that the management team has a firm grasp on the levers of their business and isn't just chasing top-line growth at the expense of margins.

Finally, the integration of ESG (Environmental, Social, and Governance) on Slide 15 is not just 'greenwashing.' They explicitly link CO2 savings to increased profitability. By showing that customer sustainability requirements lead to longer rental durations, they turn a potential liability (old hardware) into a high-margin asset.

What is Missing from the Deck

The most glaring omission is a Management Team slide . While Slide 17 shows impressive investors and board members, there is no information on the actual executive team running the day-to-day operations. Investors typically want to see the pedigree of the CTO, COO, and Head of Product, especially in a 'software-enabled' company.

There is also a lack of a detailed roadmap . While the unit economics are based on a 2023 cohort, the deck doesn't explicitly state what the $200M will be used for. Is it for international expansion, R&D for the software platform, or simply a massive CAPEX facility to buy more phones? A 'Use of Funds' slide is standard and missing here.

Lastly, the competitive landscape is addressed only vaguely. They mention 'managed hosting' and 'leasing companies' as the status quo, but they do not name specific competitors or provide a feature-by-feature comparison. In a Series C, investors usually expect to see how a company defends its territory against specific rivals.

What Founders Should Copy

Founders should emulate Everphone's 'Before and After' solution visualization (Slide 5). It takes a complex, multi-stakeholder problem and reduces it to a simple visual that anyone can understand. If your startup simplifies a messy process, this is the most effective way to communicate value.

The churn breakdown on Slide 13 is another excellent tactic. By showing that almost all churn was due to external factors (insolvencies) rather than dissatisfaction or competition, they prove 'product-market fit' more effectively than a simple retention percentage ever could.

Finally, the analogy-led timing slide (Slide 7) is a powerful tool for startups in 'unsexy' industries. If you are disrupting a traditional sector (like hardware leasing), finding a historical parallel in a 'sexy' sector (like cloud computing) helps investors visualize the scale and inevitability of your success.

Frequently asked questions

What is Everphone's primary value proposition?
Everphone offers 'Phone-as-a-Service,' which simplifies the procurement, management, and repair of mobile devices for companies. According to Slide 5, they replace a fragmented ecosystem of leasing companies, insurers, IT service providers, and carriers with a single, software-enabled platform that 'unclogs internal IT' and provides flexibility for employees.
How does Everphone justify its unit economics?
On Slide 11, the company breaks down its 2023 cohort assumptions. They generate €728 in rental revenue and €184 in residual value against a €490 CAPEX cost. After accounting for repairs (11% of CAPEX), CAC (4%), and OPEX (8%), they claim a 38% gross margin and a 31% EBT margin, demonstrating a sustainable path to profitability.
What is the 'Deep Moat' mentioned in the deck?
The moat is defined on Slide 9 as 'software and process automation.' Everphone presents itself as a software-enabled company rather than a hardware rental firm. Their proprietary backend handles BI for price information and automates the back office, which they claim ensures availability and efficiency that competitors cannot match.
How does the company address sustainability?
Slide 15 outlines a circular economy approach where devices are refurbished and reused. They cite 58kg of CO2 savings per device. Crucially, they note that customers like EY want to keep equipment longer to reduce their footprint, which directly increases Everphone’s profitability by extending the revenue-generating life of the asset.
Who are the key investors backing Everphone?
Slide 17 lists several prominent figures and firms, including Kevin Ryan (Founder of MongoDB), Dr. Henrich Blase (Founder of CHECK24), Jens Lapinski (CEO of Angel Invest Ventures), and institutional backers like DTCP and Signals.vc. This high-level social proof was likely critical for their $200M Series C round.
Cover slide of the Everphone pitch deck — Series C 2021
Everphone pitch deck, slide 1 (2021)

Everphone pitch deck: the facts

Company
Everphone
Year
2021
Stage
Series C
Slides
18
Sector
Consumer electronics / Phone-as-a-Service
Deck type
Fundraising Pitch Deck
Outcome
$200M raised
Headquarters
Berlin, Germany

Everphone pitch deck PDF

The full Everphone deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Everphone pitch deck was used for

This is Everphone’s **Series C pitch deck from 2021**, used to raise a $200M package combining $65M in equity and $135M in debt led by Cadence Growth Capital, with Deutsche Telekom, AlleyCorp, and signals Venture Capital participating and Deutsche Bank and Phoenix Insurance providing debt facilities.[1][3][4][5][7][15] Everphone offers a phone-as-a-service model for enterprises, leasing and managing smartphones and other devices, with a strong emphasis on circular economy and lifecycle management.[1][4][5][14] The deck positions Everphone as the future category leader replacing traditional hardware purchasing and leasing, enabled by proprietary software and automation. Proceeds of the round were earmarked for international expansion, customer acquisition, product development, and growth of the active device fleet beyond the 100,000+ devices already under management at the time.[4][5]

Business model: Enterprise-focused **phone-as-a-service** / device-as-a-service provider that rents and refurbishes smartphones and other mobile devices to business customers and manages them over their lifecycle.[1][4][5][14][7]

Round
Series C[1][3][4][5][7][15]
Lead investor
Cadence Growth Capital[1][3][4][5][7][14][15]
Investors
Cadence Growth Capital (lead equity investor)[1][3][4][5][7][14][15], Deutsche Telekom[1][4][5][7][14][15], AlleyCorp[1][4][5][14][15], signals Venture Capital[1][4][5][7][14][15], Deutsche Bank (warehouse debt provider)[3][4][5][15], Phoenix Insurance Company (warehouse debt provider)[3][4][5][15]
Founded
2016[1][4][7]
Founders
Jan Dzulko[1][7]
Headquarters
Berlin, Germany[1][4][7][14]
Industry
Device-as-a-service / enterprise mobility / consumer electronics leasing[1][4][5][14]

Year: 2021[1][3][4][5][7][15]

Raising: Series C equity plus associated warehouse debt facility.[1][3][4][5][15]

Raised: $200M total financing package, including $65M Series C equity and $135M debt financing.[1][3][4][5][15]

Total funding: At least $200M in a Series C debt-and-equity package closed in December 2021 plus subsequent Series D financing of €270M announced in January 2024.[1][4][5][9][11][12]

Use of funds as presented: Customer acquisition, internationalization, hiring, product development, and growth of the active device fleet beyond the existing 100,000+ devices, as part of scaling its circular economy phone-as-a-service offering.[4][5][14]

What happened after the Everphone deck

Everphone successfully used this Series C deck and broader fundraising effort to secure a **$200M debt-and-equity package** in December 2021, enabling international expansion, headcount growth, product development, and scaling of a 100,000+ device fleet.[1][3][4][5][15] The company subsequently raised a **€270M Series D round in 2024** and reached higher valuations, indicating continued investor c

What the Everphone deck got right

What could have been stronger

How an investor would read this deck

What draws attention

Risks that stand out

Questions this deck invites

What founders can take from the Everphone deck

Everphone pitch deck: common questions

How much did Everphone raise in its 2021 Series C round, and who invested?

Everphone raised a **$200M Series C package in December 2021**, consisting of **$65M in equity and $135M in debt financing**.[1][3][4][5][15] The equity portion was led by **Cadence Growth Capital**, while **Deutsche Telekom, AlleyCorp, and signals Venture Capital** participated as returning investors, and **Deutsche Bank** together with **Phoenix Insurance Company** provided the warehouse debt facility.[1][4][5][15]

Who was the lead investor in Everphone’s Series C, and which other major backers joined?

According to TechCrunch, Bloomberg and European tech press, Everphone’s 2021 Series C round was **led by Cadence Growth Capital (CGC)**, which became Everphone’s largest shareholder.[1][3][4][5][7][14][15] Other notable investors and lenders in this package include **Deutsche Telekom**, **AlleyCorp**, **signals Venture Capital**, **Deutsche Bank**, and **Phoenix Insurance Company**.[1][3][4][5][15]

What was Everphone raising its Series C for—how were the funds supposed to be used?

The Series C funds were intended to **expand Everphone’s customer base**, support **internationalization**, **increase headcount**, **develop product and software**, and **grow the active device fleet** beyond the more than 100,000 devices already managed at the time.[4][5] Light Reading and Global Venturing both note that the raise was framed as scaling its phone-as-a-service and circular economy model across more geographies and enterprise accounts.[4][5][14]

What does Everphone actually do—what is its business model?

Everphone is a **Berlin-based phone-as-a-service startup** that lends, manages, and refurbishes smartphones and other mobile devices for businesses, handling procurement, configuration, repairs, and replacement as a managed service over the device lifecycle.[1][3][4][5][14] The company emphasizes a **circular economy** model, where devices are repeatedly reused and refurbished rather than bought outright and discarded, lowering total cost of ownership (TCO) and reducing waste.[4][5][14]

Which reference customers and case studies does Everphone highlight in its Series C pitch deck?

The deck explicitly cites **EY** implementing a “Choose-Your-Own-Device” program with **11,000 Everphone devices** to increase employee satisfaction, a **cost-efficient German company using 10,000 devices** to beat competitors on total cost of ownership, and **Gorillas** using **1,500 devices** to accelerate rider onboarding and geographic expansion.[source page text; OCR slide 8] These case studies are framed as evidence that Everphone’s service improves employee satisfaction, reduces TCO, and speeds go-to-market for rapidly scaling companies.

Sources

Funding and outcome facts on this page were researched on 2026-08-30 from the pages below.

Everphone pitch deck slides

Everphone pitch deck slide 1 of 18
Everphone pitch deck — slide 1 of 18
Everphone pitch deck slide 2 of 18
Everphone pitch deck — slide 2 of 18
Everphone pitch deck slide 3 of 18
Everphone pitch deck — slide 3 of 18
Everphone pitch deck slide 4 of 18
Everphone pitch deck — slide 4 of 18
Everphone pitch deck slide 5 of 18
Everphone pitch deck — slide 5 of 18
Everphone pitch deck slide 6 of 18
Everphone pitch deck — slide 6 of 18

What each slide of the Everphone pitch deck says

Slide 1

I | | Q everphone 10) Phone-as-a-Service for Companies June 2021

Slide 2

4, everphone - 2% y a B2B Phone-as-a-Service success story: <7 Years in operation ARR Contribution margin 4 €20m 38.7% Employee headcount Equity raised Debt committed 130 €21Im €33m

Slide 3

Situation There is a huge growing total addressable global market for B2B smart devices of $7008 which is highly fragmented. There is a huge growing market ... which is highly fragmented $ Leasing companies [I=52 provide financing TAM MORSE ION a Insurance companies SAM a 3088 provide claim management THE GLOBAL MARKE 4 hy SOM ( $158 ) IT Service companies NECA PROX TH x y provide administration and setup 12% CAGR® i ; 2 Depending on requirements even ° more intermediaries are involved Wikipedia: Global Workiorce; aiculalsd wih €23 month subscription | WCG (2019) Global Lasting Report? repcetswst (2020) IT Laseing And Financing Market Forecast D everphone Confidential | san Deutho] CEO 3 ©E…

Slide 4

Complication No company will be leasing or buying smartphones in 10 years' time because that simply no longer meets customer needs.: Customer needs are changing tremendously: they demand flexibility & o, Great User Experience High Digitization High Agility Free device choice & personal use Zero internal IT needed Flexible adaptations Current leasing companies cannot depict that as they would need technical capabilities 2 Non-Integrated Actors No Software Expertise Waterfall Project Organizations No control over UX Requires resources of internal IT Rigid structures and contracts The future category leader of this market needs to be an agile software-driven organization that empowers modern c…

Slide 5

Solution Phone-as-a-Service unclogs internal IT and allows for the needed flexibility of the modern workplace and demands of next generation employees. 1 1 1 ee @m ® ® pers” Employee Productivity apps | Employee Swwcts 1 "ven — ous | @= “@ *® | Helpdesk mon (® Mobil shop | -— (J ! 9 everphone [A fl | gt - == H noc Accounting fo sd fl @) ex To d &, : A. ®, ® & & @ Only the agile Phone-as-a-Service approach solves today’s organizational need for flexibility. Therefore, the $700B leasing market will completely shift to Phone-as-a-Service. | D everprione Confidential | an Dato] CEO 5 ©Everphone

Slide 6

Our Vision Be the leading B2B Phone-as-a-Service Player at global scale. Your company phone breaks F ~~» TLC in Hong Kong. Ta >) Hd Bas a 10 4 Minutes later everphone hands you a - fully installed replacement. —— Cordon | an Deli] CEO . ©Everphone

Slide 7

Timing Cloud computing services made leasing of servers obsolete because it offered full service and flexible usage. everphone does the same for smartphones. STATUS QUO Leasing servers and hosting them was the pride and work of IT teams. Then in 2006 a cloud computing service came along and offered a flexible full service solution and made leasing obsolete because the cloud is more flexible, cheaper (in TCO) and frees IT ressources. DISRUPTION This success story has shown that outsourcing of tasks from IT departments always wins over seemingly "cheaper" internal solutions (i.e. run your own servers) - the "Service" = aspect of "as a Service" is what signs the deals and creates the margins a…

Slide 8

Cases everphone's tech-enabled service frees up internal resources and helps its customers to streamline key operational processes. 11k everphones increase ' al Employee Satisfaction In the War for Talent EY used the . 4 chance to implement Choose-Your-Own-Device and thereby increased employee satisfaction sustainably ©Everphone 10k everphones save cost (TCO) One of Germany's most cost-efficient companies and their purchasers approved that our TCO beats the competition Confidential Jan Dzulko CEO 1.5k everphones accelerate expansion By supplying Gorillas' Riders with ready to use devices, everphone accelerated the go-to market process by taking one pain point away

Slide 9

Deep Moat The whole Phone-as-a-Service revolution is possible due to software and process automation. That's why everphone is a software-enabled company. everphone is a software-enabled company... ... that offers a fully digitized service. ® Analytics, Product Innovation, Tech, Operations & Marketing ce, HR Management Our proprietary backend makes our back office efficient and our Bl capabilities ensure availability of best price information D everphone Confidentia Jan Deulko CEO s ©Everphone

Slide text above is read directly from the Everphone deck PDF embedded on this page.

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