Venture: Working From Home Leads to New Startup

Since the world shutdown people have exchange their car keys for their home desk and pajamas. Since March companies have begun to conduct their business from the comfort of their home. With this occurring many companies have had to make changes on how they communicate with fellow employees and their customers. Companies like Zoom have benefited from this but other companies have arose such as Everphone.

Everphone is a one-stop shop that will not only cover smartphone and tablet rentals but also an administration and management support that includes repairs and replacements. They give their customers a 24 guarantee on any help that they will need.

This Berlin based company that sells “mobile as a service” device rental. This company caters to businesses needing to equip staff with the proper hardware. They have recently announced a 34 million series B funding round from a group of investors, including German carrier Duestche Telekom.

Jan Dzulko the CEO and Founder of Everphone started this company because he saw an ample opportunity for themselves. He saw that many companies had a shortage and problem when dealing with electronic equipment and how insurance on these products were a problem.

According to Dzulko if any problem had happened with products that insurance on the equipment would take up to 3 weeks to replace or fix. Dzulko knew that this could be done better, quicker and more user-friendly. And through that the concept of Everphone was born.

This international company is just throwing its hat in the ring as investors have just begun flooding the market. COVID-19 and tech advances is one the major influence factors for investors,

 “Everphone envisions that every employee will one day work via their smartphone, with the employee-centric approach and integrated platform, Everphone goes far beyond the mere outsourcing of a smartphone IT infrastructure” stated Marcus Polke, partner at signals Venture Capital.

More people are starting to understand that the life we are living in. As it becomes more clear on what life is going to be like for a long period of time. As the world makes this transition to a different lifestyle so will businesses. Timing could of not of been more important for Everphone, as many investment firms are looking for different avenues to go into and working from home companies are one of them. Although this company was founded in 2016 and started off with only a customer base of around 400, they still kept a good name for themselves. As the demand for their services go up, they will see lots more competition arises and lead to more innovation.

For example there are a handful of small companies that are currently attempting to do the same but do not have the capital or infrastructure too make a big hit. Everphone is obtaining the capital and following that could make them the larger player in the tech rental community.

The second-hand smartphone business has potential for a lot of growth. Typically, when someone breaks their phone, they go to see how it will cost to repair and end up walking out of the store with a new phone. People enjoy the newest and most high-tech product even if it is going to break their bank. This move of having a product that can constantly be switched out and brought to consumer with constant support will be huge in the future.

With the “right to repair” movement gaining lots of speed it will give independent contractors a better chance in being profitable and more reliable. The right to repair movement is a push for these big tech companies to release the documents on how to fix their products so that consumers are not left to spending high prices in having to have the company repair the phone. Everphone realizes this problem and used structed their company towards this. By being able to pinpoint where the problem is Everphone is pouncing on what is happening in the world and making a solution.

There are many reasons that big tech does not want to release this information. For example, these companies do not want to extend the lifetime of their products because they would rather have the consumers buy another product rather than hold onto there old product.

Not only will this help the consumer but it will also help the environment because it will lessen the landfills with more perfectly good products.

Frans Timmermans who is responsible for the European Green Deal stated that, “Many products break down too easily, cannot be reused, repaired or recycled, or are made for single use only. There is a huge potential to be exploited both for businesses and consumers. With today’s plan we launch action to transform the way products are made and empower consumers to make sustainable choice for their own benefit and that of the environment”.

Everphone is realizing that people are becoming more environmentally conscious and that soon all companies will adapt to this climate. This Series B financing for Everphone will allow them to expand and meet the increasing demand for their services. Everphone has stated that they are expecting to see a 70-100% increase in sales volume versus pre-crisis period.

Now during the pandemic, they are seeing that those numbers could nearly double. Thus, the global pandemic is turning into a catalyst for growth in the field of digitization.

Currently Everphone is primarily based in Europe but is slowing putting its foot in other parts of the world.  With this funding I believe that we will see Everphone take major steps in their area of service and the type of products they are going to offer. While remembering their oath to of customer service and dedication to making their company a good place to conduct business.

Even with competitors rising around them, Everphone is one of the top companies to be working in this field and making an easier world for the consumer in the confusing world of tech.