Tier Mobility Raises €25M in Series A Funding
Summary
Tier Mobility , a Berlin, Germany-based e-scooter startup, raised €25m in Series A funding.The round was led by Northzone, with participation from existing investors Point Nine and Speedinvest, and a syndicate that includes Spain-based Kibo Ventures.The company intends to use the funds to launch their shared electric scooter platform across Europe.Co-founded by Lawrence Leuschner, Julian Blessin, and Matthias Laug, Tier provides an electric scooter sharing service that allow people to rent the scooters via an Android and iOS app.To use the service, there is a €1 activation fee to unlock a TIER Scooter plus a variable fee of €0,15 per minute with no other registration fee or upfront payment.
Funding
Amount
$36.0M
Total raised
Date
October 24, 2018
Announcement date
Investors
White Star Capital, NorthZone Ventures, Tier Mobility, Kibo Ventures, Point Nine Capital, Speedinvest
Lead investors
Company
https://www.tier.app/
Funded company
Classifications
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applications
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