Participated · Series B · Jul 2020

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.

Led · Debt Financing · Dec 2019

Floryn is a Dutch fintech startup operating an online lending marketplace for small and medium-sized enterprises, offering business loans up to €2 million. The platform uses machine learning to perform fast risk assessments based on recent banking transactions and other data points rather than relying on potentially out-of-date financial statements. The company reports a loss percentage below 2 percent and employs about 50 people. Founded in 2016 and based in the Jheronimus Academy of Data Science, Floryn says demand for business loans in Europe has skyrocketed by 98 percent. It was recently accepted into the Dutch BMKB-C loan guarantee scheme and in December secured €60 million in debt financing from NIBC. The latest funding will be used primarily for domestic and international expansion, with some allocated to product development. Floryn (formerly InvoiceFinance) is a Dutch fintech active in online lending for small and medium-sized businesses, using artificial intelligence to analyze bank transactions and hundreds of other data sources for rapid risk assessment. The company processes credit applications using machine learning and reported receiving 4,600 credit applications in the last quarter, which it was able to process almost immediately. Floryn competes with banks on loans up to €2,000,000 and emphasizes customer experience and service. With the new financing, the company plans to help more and larger companies grow, create jobs, and realize their ambitions. Management says it hopes to triple its business with the debt financing. The company positions itself as an alternative lender in the Netherlands, scaling its technology-driven approach to underwriting.

Participated · Debt Financing · Feb 2019

Iwoca provides loans to self-employed people and SMEs, offering credit lines of up to €500,000. For smaller amounts (up to €25,000) it automates the credit assessment and can approve and pay out loans the same day, while larger applications are subject to additional individual review with a target decision and payout within two working days. The company also enables other firms to offer credit to their business customers and partners with banks such as Commerzbank. The recent increase in refinancing capacity to €350 million for Germany reflects its focus on scaling lending in that market. The article does not provide revenue, user metrics, or founding-year information.

Participated · Equity · Nov 2018

finleap is a Berlin-based fintech company builder founded in 2014 by HitFox Group and Ramin Niroumand. The group develops and incubates fintech ventures and platforms and has built 16 ventures to date, including solarisBank, Element and PAIR Finance, as well as the fintech platforms finreach solutions and infinitec solutions. finleap provides access to seed capital, a network of investors and experienced entrepreneurs, plus customers and top talent. The company employs more than 700 people from over 60 countries and maintains an office in Milan. It plans to use new funding to develop technologies and companies, expand geographically and invest further in its fintech platforms. FinLeap, founded in the summer of 2014 by HitFox Group and Ramin Niroumand, is a company builder specialized in fintech. It develops fintech companies and supports them with shared infrastructure and guidance; to date it has brought twelve ventures to market serving private and corporate clients. The firm is active in ten European countries and is opening its ecosystem to third parties in the B2B2C space. FinLeap has relocated its headquarters to Berlin and was selected as a national de:hub for fintech by the Federal Ministry for Economics Affairs and Energy. The company is renovating an 11,000 sq m campus expected to be finished by the end of 2017 to host FinLeap, its ventures and events. Financially, the firm has raised significant capital, including around €39 million in its latest raise and a prior €21 million funding round in June 2016.

Participated · Equity · Sep 2018

OakNorth is a UK challenger bank and fintech whose product suite includes a 'Credit Intelligence' software for commercial lending. The company sells software intended to enhance banks' commercial-lending propositions and decisioning. Sumitomo Mitsui Banking Corporation (SMBC) has deployed OakNorth’s Credit Intelligence in the US and Asia. SMBC also invested $30 million in OakNorth via a secondary transaction as part of the relationship. OakNorth previously received a £90 million investment from GIC almost three years ago. According to Crunchbase, the company has raised more than $1 billion to date. OakNorth builds a digital bank focused on fast, flexible loans to small and medium enterprises and property developers in the U.K. It uses big data and machine learning to assess credit risk and monitor loan portfolios. The company also licenses its OakNorth Analytical Intelligence platform to other banks for loan origination, credit analysis and portfolio monitoring, with multiple banks using it across the U.S., Europe and Asia. OakNorth has lent more than $3.7 billion overall with no reported defaults or late payments, and it manages 34,000 savings accounts for individuals and businesses. The company plans to double down on its existing business and expand into the U.S. via partnerships and loan origination rather than opening a U.S. bank. Prior to this round it had raised $848 million in primary funding since its creation. Launched in September 2015 by Rishi Khosla and Joel Perlman, OakNorth provides fast, flexible debt finance (typically £500k–£40m) to businesses and established property developers and investors. The bank also offers a range of FSCS-protected savings products for individuals and businesses, including fixed-term, easy-access, notice and cash ISA accounts. OakNorth is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA; it has a loan book of £1.7bn and raised deposits from about 20,000 savers. The company operates ACORN machine, a cloud-based fintech platform that leverages machine learning to automate credit decisioning and portfolio monitoring and to help banks enter the SME lending market. Clients span nurseries, hotels, care homes, private equity firms, restaurants and well-known property developers and retailers. OakNorth has offices in London, New York and Singapore, employs almost 100 people, and expects to have over $5bn of assets under service on its platform by year end. OakNorth is a London, UK-based bank providing debt finance from £500k to £25m to fast-growth businesses and established property developers. The bank has launched ACORN machine, its fintech platform for lenders worldwide, built on three pillars: data, technology, and process. ACORN collects millions of data items and uses machine learning algorithms to surface the pieces of data lenders need for credit decisions. The technology environment is java- and web-based and cloud-hosted via AWS, combining proprietary and best-of-breed components. Clients include Leon, Galliard Homes, Frogmore, Brasserie Blanc, Strawberry Star and The Collective. OakNorth is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA and is positioning to expand in the US, European and Asian markets.