• TIER Mobility

  Participated · Series B · Oct 2019

  Tier Mobility operates shared electric scooters, e-bikes and e-mopeds via a single app and has deployed 135,000 vehicles across 150 cities in 16 countries. The company reports more than 80 million trips and says it has replaced over 13 million car rides. Tier is expanding multimodal offerings and rolling out a Tier Energy Network of battery charging stations hosted by local businesses. The startup plans to use new funding for acquisitions, strategic investments and international expansion, targeting growth markets in Europe and the Middle East. Tier was launched in 2018 and is headquartered in Berlin; it calls itself the European market leader and emphasizes capital efficiency and operational excellence. The company says it has raised $660 million in equity and debt to date and is now valued at $2 billion. Tier Mobility operates e-scooter services and is expanding into multimodal offerings including bicycles and mopeds. The company is available in over 100 cities across 12 countries in Europe and the Middle East and recently added Dubai and Paris while securing a London e-scooter pilot permit. Tier plans to extend its international coverage and invest in its multimodal fleet while building its Tier Energy Network of battery charging stations in retail stores. The energy network is designed to incentivize riders to swap batteries at shops for free credit and to drive foot traffic for merchants. Tier has cited profitable unit economics and asset longevity, and in November it closed a $250 million Series C led by SoftBank Vision Fund 2. The company recently secured additional financing to support fleet orders, local warehouses, new teams and continued expansion. Tier Mobility operates an electric scooter ride-sharing platform and integrates micro-mobility assets through its platform. The company reports profitability and has deployed 60,000 e-scooters across 80 cities with about 500 staff. Tier intends to expand services across Europe and grow into additional strategic markets, targeting operations in 32 European cities in the next nine months. It plans to fast-track its Tier Energy Network to install thousands of charging stations across European cities to power electric vehicles more efficiently and sustainably. Tier emphasizes sustainability, saying it has been climate-neutral since January 2020 and has adopted the UN Sustainable Development Goals as a guiding framework. The company was founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin and is headquartered in Berlin. Tier Mobility operates battery-powered kick scooters as an urban transport service. Launched in October 2018, the company now runs in 55 cities across 11 countries. It is seeking to expand across Europe amid a crowded market facing pressure to consolidate and some public backlash over scooters left on streets. The company recently extended an investment round to more than $100 million through a mix of debt and equity. The additional funding was provided by RTP Global, Novator and a U.S. venture debt firm, coming on top of a $60 million investment from Mubadala in October. RTP's Anton Inshutin said Tier had delivered class-leading unit economics, enabling them to expand profitably in the winter. Tier Mobility operates a fleet of roughly 20,000 scooters across 40 cities in 12 countries and has recorded about 10 million rides. The company describes itself as a "micro-mobility" player and plans to augment scooters with other transportation options, though it has not disclosed what those will be or when they will launch. Tier has upgraded most of its fleet to more robust hardware (about 80% of scooters) with lifespans around 18 months to reduce maintenance costs. Growth metrics are strong—Tier added 8 million rides in the prior four months and targets 3–5 million rides weekly—and it says it is already profitable in some markets. The business has pursued capital-efficient growth (Series A initially €25M, expanded to €32M earlier) and now has total funding of roughly $95M after the latest round. Tier emphasizes safety initiatives (insurance for every rider) and reports around 250 accidents to date, the vast majority minor. The founders include CEO Lawrence Leuschner and co-founder/CTO Matthias Laug (previously a co-founder of Lieferando), and the company has partnerships such as with car-rental firm Sixt.

• Homebell

  Participated · Equity · Jan 2018

  Homebell is a Berlin-based online platform, founded in October 2015, that enables users to book renovation works from professional craftsmen. The company manages order planning, selection of craftsmen and full order execution, providing a single contact from acquisition through invoicing. Its online planning tool can produce a fixed quote within minutes without requiring an on-site measurement. Customers and trade partners benefit from managed coordination and a dedicated contact person. Homebell says it will use the new funding to expand its market leadership in Germany and the Netherlands and to develop a new planning tool. The company closed an $11M financing round to support these plans.

No current team members are available.