🏆 Deal of the Month · October 2021
TIER raised USD 200 million in a Series D round in October 2021, reaching a post-money valuation of USD 1.5 billion and attaining unicorn status. The round drew participation from a broad syndicate of existing and new investors across Europe and Asia. TIER's Dealmatrix page was recognised as Deal of the Month for October 2021.
TIER — key deal facts
| Company | TIER |
| Founded | 2018 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 200M |
| Valuation | USD 1.5B |
| Round | Series D |
| Investors | White Star Capital (https://whitestarcapital.com/) Speedinvest (https://www.speedinvest.com/) SoftBank Vision Fund (https://visionfund.com/) RTP Global (https://www.rtp.vc/) Novator (https://novator.co.uk/) Northzone (https://northzone.com/) Mountain Partners (https://mountain.partners/) M&G Investments (https://www.mandg.com/investments/gb) |
| Sectors | Transportation |
Who invested in TIER?
The Series D was backed by White Star Capital, Speedinvest, SoftBank Vision Fund, RTP Global, Novator, Northzone, Mountain Partners, and M&G Investments. The inclusion of SoftBank Vision Fund alongside European specialists such as Northzone and Speedinvest signals strong cross-continental conviction in TIER's growth trajectory. The presence of institutional asset manager M&G Investments alongside venture-focused names reflects broadening investor appetite for scaled micro-mobility platforms.
What does TIER do?
TIER Mobility is a Berlin-headquartered shared micro-mobility operator founded in 2018. The company deploys fleets of electric scooters and e-bikes across cities in Europe and the Middle East, operating a B2C rental platform accessed via a consumer mobile application. TIER positions its service around sustainable urban transport, emphasising responsible charging practices and operator-grade vehicle maintenance. At the time of its Series D, TIER was active in more than 100 cities across over 20 countries.
TIER valuation & multiples
No existing multiples figures were supplied for this deal. Investors evaluating micro-mobility platforms typically apply EV/Sales and EV/EBITDA frameworks calibrated to the broader Transportation and Mobility-as-a-Service sector. For the relevant comparable ranges and methodology, visit the Venionaire DealMatrix Transportation sector multiples pages.
Explore the benchmarks: Series D Transportation.
Frequently asked questions
How much did TIER raise in its Series D?
TIER raised USD 200 million in its Series D round in October 2021.
What is TIER's valuation?
TIER's valuation was USD 1.5 billion following the Series D round.
Who invested in TIER?
The Series D investors include White Star Capital, Speedinvest, SoftBank Vision Fund, RTP Global, Novator, Northzone, Mountain Partners, 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.