Investment Summary

Cadence Growth Capital and Deutsche Telekom AG - Tolino Ecosystem Invest In Everphone

On June 18, 2020, growth capital firm Cadence Growth Capital and Deutsche Telekom AG - Tolino Ecosystem invested in technology hardware company Everphone

Investment Highlights
  • This is Cadence Growth Capital’s 1st and Deutsche Telekom AG - Tolino Ecosystem’s 1st transaction in the Technology Hardware sector.
  • This is Cadence Growth Capital’s 1st and Deutsche Telekom AG - Tolino Ecosystem’s 1st transaction in Germany.

Investment Summary

Date 2020-06-18
Target Everphone
Sector Technology Hardware
Investor(s) Cadence Growth Capital
Deutsche Telekom AG - Tolino Ecosystem
Deal Type Venture

Target

Everphone

Berlin, Germany
Everphone is an operator of a one-stop-shop that sources, configures, and deploys rental smart-phones and tablets for business customers and organizes repairs and returns, all whilst being seamlessly integrated into a company’s internal IT infrastructure. Everphone was founded in 2016 and is based in Berlin, Germany.

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Investor(S) 2

DESCRIPTION

Cadence Growth Capital is a growth capital firm focused on providing expansion funding to companies with at least €10 million of revenue and located in Switzerland, Austria, and Germany. The Firm will consider minority or majority positions and generally will consider any tech-enabled business with proven/sustainable business models. Cadence Growth Capital is headquartered in Berlin.


DEAL STATS #
Overall 1 of 7
Sector: Technology Hardware M&A 1 of 1
Type: Venture M&A Deals 1 of 3
Country: Germany M&A 1 of 6
Year: 2020 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Sherpany

Zürich, Switzerland

Sherpany is a meeting management software that aims at stopping the meeting madness of large and midsize enterprises. Experts in programming, design, and engineering gather forces to deliver agile meeting software. Sherpany was founded in 2010 and is based in Zürich, Switzerland.

Buy -
DESCRIPTION

Deutsche Telekom AG - Tolino Ecosystem is an e-reader platform technology.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Venture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1