🏆 Deal of the Week · CW 43/2021
TIER raised EUR 171.4 million in a Series D round at a valuation of EUR 1.5 billion. The round was led by SoftBank Vision Fund 2, alongside Mubadala Capital and M&G Investments. This financing, recognised as Deal of the Week in KW 43/2021, cemented TIER's position as one of Europe's most capitalised micro-mobility operators.
TIER — key deal facts
| Company | TIER |
| Founded | 2018 |
| Headquarters | Berlin, Germany |
| Amount raised | EUR 171,4M |
| Valuation | EUR 1,5 Billion |
| Round | Series D |
| Investors | SoftBank Vision Fund 2 (https://visionfund.com/) Mubadala Capital M&G Investments. |
| Sectors | E-Mobility |
Who invested in TIER?
The round brought together SoftBank Vision Fund 2, Mubadala Capital, and M&G Investments. The combination of a global technology growth fund, a sovereign-backed investment vehicle, and a major institutional asset manager signals broad confidence in TIER's unit economics and international expansion trajectory. The presence of both growth-equity and institutional fixed-income investors reflects the maturation of the shared micro-mobility asset class.
What does TIER do?
TIER Mobility is a Berlin-headquartered shared micro-mobility operator founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin. The company offers rentable e-scooters, e-bikes, and e-mopeds accessible via QR code scan, with proprietary features including rider-swappable batteries and integrated safety systems. At the time of this round, TIER operated across hundreds of cities in Europe and beyond, positioning itself as a last-mile transportation alternative to private car use. The company subsequently merged with Dott to form TIER-Dott, now operating under the Dott brand.
TIER valuation & multiples
No existing multiples analysis was provided for this transaction. For context on prevailing valuation benchmarks in the e-mobility and shared micro-mobility sector, including EV/Sales and EV/EBITDA ranges applied to comparable transactions, visit the relevant sector multiples pages on DealMatrix.
Frequently asked questions
How much did TIER raise in its Series D?
TIER raised EUR 171.4 million in its Series D round, recognised in KW 43/2021.
What is TIER's valuation?
TIER was valued at EUR 1.5 billion at the time of its Series D financing.
Who invested in TIER?
The Series D was led by SoftBank Vision Fund 2, with participation from Mubadala Capital and M&G Investments.
When was TIER founded and where is it based?
TIER was founded in 2018 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.