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Cadence Growth Capital

Theresienstrasse 71f, Munich, Bavaria, 80333, Germany

Overview

Cadence Growth Capital invests in asset-light, scalable, and high growth technology-enabled B2B service companies. The firm is a private equity firm headquartered in Munich, Germany.

Total investments
6
Lead investments
4
Investments · 12mo
0
Active investors
1

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Everphone

    Participated · Series D · Jan 2024

    Everphone offers a one-stop Device-as-a-Service solution for company smartphones and tablets, handling sourcing, configuration, device administration, security, repairs, and returns. The company already manages more than 350,000 devices for over 1,000 companies, including international consulting firms and multiple DAX companies. Everphone employs about 300 people across Berlin, Munich, and Miami. In 2023 the company increased revenue to over €75m and doubled its EBITDA to €30m. Founded in 2016, Everphone plans to use new capital to strengthen its global position and pursue international expansion while working toward profitability. everphone is a Berlin-based Device as a Service (DaaS) business that offers companies a managed phone-as-a-service for smartphones, tablets and laptops. Led by CEO Jan Dzulko, the company serves numerous start-ups, SMEs and global enterprises. It raised over $32M in a Series C-2 financing. The round was led by Cadence Growth Capital and included existing investor Kevin Ryan as well as backers Deutsche Telekom, signals Venture Capital and Dr. Henrich Blase. everphone intends to use the funds to drive internationalization, product development and to grow its device fleet. everphone provides a one-stop phone-as-a-service solution for corporate smartphones, tablets and laptops, combining hardware provisioning with DSGVO-compliant mobile device management and fast replacement services. Its circular model refurbishes devices after a two-year life cycle and redeploys them, which the company says saves roughly 58 kg CO2 per device with two life cycles. The portfolio includes devices from Apple, Samsung, Nokia, Google and Fairphone, and everphone has been an official B2B partner of Samsung Electronics' device-as-a-service strategy in Germany since December 2020. Customers range from startups and SMEs to global players such as Henkel, Ernst & Young and TIER Mobility. everphone currently manages an active fleet of over 100,000 devices and employs more than 170 people. The company plans to use new capital to accelerate international expansion across Europe and the USA, ramp customer acquisition, increase headcount, and advance product development to grow its device fleet further. Everphone sells a one-stop “device as a service” offering that bundles rental of new or refurbished smartphones and tablets with administration, mobile device management integrations, repairs and 24-hour replacements. The service includes flexible device choices (iOS and Android), optional paid apps as employee perks, and pricing that ranges from €7.99/month for refurbished budget devices to €49.99/month for high-end kit. Everphone refurbishes returned devices and resells them, using that secondary lifespan to keep rental prices competitive. The company says it has more than 400 customers, including SMEs and multinationals such as Ernst & Young, and supports customers from ~100 employees up to enterprises of 30,000. Everphone emphasizes global rollout capability and plans to use growth capital to accelerate European expansion in response to rising remote-work demand.

  • ottonova

    Led · Equity · Sep 2022

    Ottonova is a German private health insurer that offers private health insurance alongside digital services, including personal consultations via chats. The company emphasizes digital-first customer service through chat-based and other digital offerings. In its latest fundraising it secured €34 million, contributing to its broader financing history. Founder and CEO Roman Rittweger has framed the company’s strategy around profitable, efficiency-focused growth rather than pure growth at all costs. Since its inception in 2016 Ottonova has raised a total of $174 million. The leadership emphasizes moderation and strong operational efficiency as core parts of its future approach. Ottonova is a Munich-based insurtech that aims to provide purely digital private health insurance targeted at young, high-income earners (Generation Y). Customers use an app to complete contracts with only a few clicks. The startup models its approach on Oscar, a New York City insurtech. Financially, Ottonova recently raised €10 million from Debeka, which received slightly more than 10% of the company's shares. This investment follows a €15 million raise in March from several investors, including Vorwerk Ventures and Tengelmann Ventures. The capital will support Ottonova's push to scale its digital offering to its target demographic. Ottonova is building a digital platform offering private health insurance products. It raised a new multi-million euro funding round of approximately €15m, bringing total capital raised to about €20m. Backers in the latest round included Tengelmann Ventures, B-to-V Partners and STS Ventures, joining earlier investors Holtzbrinck Ventures and Vorwerk Ventures. The company intends to use the funds to continue to develop and launch the platform. Ottonova aims to receive formal approval from the German Federal Financial Supervisory Authority (BaFin) within 2017. Co-founded by Dr. Med. Roman Rittweger, Sebastian Scheerer and Frank Birzle, the Munich-based insurer employs approximately 50 people and is continuing to hire across business areas.

  • tink

    Led · Series D · Apr 2021

    tink operates a consumer-facing portal that compares and sells smart-home and IoT products and also offers a B2B2C white-label solution. The company serves over 700,000 customers and has reported a 100% growth rate for a number of years. tink's platform is used by partners such as early investor energy supplier Vattenfall. Management describes the business as having a healthy and profitable core. The company plans to use new funding to accelerate international growth, expand its integrated services, and pursue industrial partnerships. tink was co-founded in 2016 by Marius Lissautzki and Julian Hueck and is based in Berlin.

  • ezbuy

    Participated · Series B · Mar 2016

    Founded in 2010 by Wendy Liu and formerly known as 65daigou, ezbuy operates an online shopping platform connecting consumers in multiple countries to goods sourced from China, Taiwan and the USA. The platform covers a wide range of product categories, including fashion, home & garden, toys, kids, health & beauty, electronics, sports and automotive. ezbuy provides end-to-end services such as purchasing, consolidation, verification, shipping, as well as pre-sales and after-sales support. The company aims to simplify cross-border shopping by handling logistics and quality checks for international purchases. It plans to use new funding to expand into additional countries in Asia and to continue developing the technology infrastructure underlying its service. Financially, the company completed a $20M Series B round to support these growth and technology initiatives.

Team

  • Leonard Clemens

    Managing Partner & Founder

    LinkedIn