🏆 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.
Explore the benchmarks: Series D.
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.