CGC led a $200m funding round in everphone.

Cadence Growth Capital, a private equity fund, led a $200m funding round in everphone, a telecommunications equipment supplier. The round was joined by Deutsche Telekom, AlleyCorp and Signals Venture Capital. The fresh capital will be used to expand activities in acquiring new business customers. Additionally, the money will go towards further internationalization, increasing personnel, product development, and the growth of the active device fleet, which already numbers over 100k devices.