About TIER
TIER is a Transportation, Automotive & Logistics company based in Berlin (Germany) founded in 2018 by Julian Blessin, Matthias Laug, and Lawrence Leuschner. It operates as an electric kick-scooters are rented through a mobile app platform. TIER has raised $660 million across 11 funding rounds from investors including Goldman Sachs, SoftBank Group and Speedinvest. The company has 390 employees. TIER has completed 5 acquisitions, including Fantasmo, Makery and Pushme. TIER was last valued at $2 billion in October 2021. Its chief executive is Lawrence Leuschner. Its website tier.app draws about 26 thousand monthly visits. TIER offers products and services including TIER App and TIER Energy Network. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Multi Vehicle. Its legal entity is TIER Mobility Denmark ApS. Its competitors include VeoRide, Helbiz, Nexus Vehicle Rental, Xingxing Mobility and Poppy and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
Founded in 2018 in Berlin, Germany, TIER operates in the shared mobility sector. Electric kick-scooters are rented via a mobile app available on Android and iOS devices, where users locate, book, and unlock vehicles. Payment options and traffic congestion optimization are included. Vehicles are parked in public spaces at ride end. Swappable batteries are exchanged at city stations, and corporate mobility solutions are provided.
- Net Profit$570.19 K (USD)0as on Dec 31, 2022
- Total Equity Funding$660M (USD)
in 11 rounds
- Latest Funding Round$200M (USD), Debt – Conventional
Oct 2021
- InvestorsGoldman Sachs
& 26 more
- Employee Count390
- Investments & AcquisitionsFantasmo
& 4 more
Products & Services of TIER
TIER offers a comprehensive portfolio of products and services, including TIER App and TIER Energy Network.
App for renting and managing e-scooters and bikes.
Network supporting charging for electric vehicles.
Apps and channels of TIER
TIER publishes 2 mobile apps with over 10M+ downloads.
Funding Insights of TIER
TIER has successfully raised a total of $660M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $660M
- Total Rounds 11
- Last Round Debt – Conventional — $200M
- Investors Count 27
Latest 10 of 11 funding rounds of TIER with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | – | Debt – Conventional | – | – | |
| Oct 2021 | $200M | Series D | $2B | Mubadala, SoftBank Vision Fund | |
| Jun 2021 | $60M | Debt – Conventional | – | – | |
| Nov 2020 | $250M | Series C | $1B | SoftBank Vision Fund | |
| Feb 2020 | $40M | Series B | – | – | |
| Feb 2020 | – | Debt – Conventional | – | – | |
| Oct 2019 | $60M | Series B | – | Mubadala, Goodwater Capital | |
| Jun 2019 | $3.93M | Series A | – | Indico Capital Partners, Northzone | |
| May 2019 | – | Angel Round | – | Nico Rosberg | – |
| Oct 2018 | $29M | Series A | – | Northzone |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $2B | •••••••• |
| Nov 2020 | $1B | •••••••• |
Last known valuation $2B (Oct 2021). 27 investors in total: 26 institutional and 1 angel.
Investors in TIER
TIER has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, SoftBank Group and Speedinvest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors | 1931 | mandg.com | London, United Kingdom | |
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Private equity investments in Europe are managed by Novator Partners. | – | novator.co.uk | London, United Kingdom | |
A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds. | – | whitestarcapital.com | - | |
Early-stage startups are funded by Northzone venture capital. | – | northzone.com | London, United Kingdom | |
Early-stage venture capital and startup acceleration are provided. | 2011 | speedinvest.com | Vienna, Austria | |
Global tech investments are made by venture capital firm. | – | mountain.partners | Zurich, Switzerland | |
Venture capital investments are made in innovative startups by Grazia Equity. | 1998 | grazia.com | Germany | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States |
Investor details for TIER
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of TIER
63 people are tracked at TIER (32 in leadership, 31 in team); the tracked headcount is 390.
| Name | Role | Group |
|---|---|---|
Julian Blessin | Co-Founder | Leadership |
Matthias Laug | Co-Founder & CTO | Leadership |
Lawrence Leuschner | Co-Founder & CEO | Leadership |
Roxane Epskamp | Head Of Product | Leadership |
Begüm Aslantürk Dursun | Head Of CRM & Marketing | Leadership |
Sebastian Schlebusch | Head of Market Development | Leadership |
Ralph Bejjani | Head Of Commercial | Leadership |
Henri Moissinac | Co-Founder & CEO | Leadership |
Maxim Romain | Co-Founder & COO | Leadership |
Matthieu Faure | Head of Marketing & Communications | Leadership |
Cleo Becker | Chief Legal Officer | Leadership |
Maribel B. | VP People Experience & Culture | Leadership |
Danielle Stephan | Director Of Market Expansion And Sustainability | Leadership |
Merlyn Bijnsdorp | Chief People Officer | Leadership |
Rafael Rosell Taboada | Head Of People Operations | Leadership |
Maud Coppey | Head Of Operations Processes | Leadership |
Lana Popic | Vice President Operations | Leadership |
Eliana Rodelli | People Partner, Southern Europe | Leadership |
Idske Werkman | People Partner, DACH | Leadership |
Dominik Fuchs | Head Of Payments, Fraud & Onboarding | Leadership |
43 more people are available in the full profile.
Complete people profiles for TIER
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by TIER
TIER has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fantasmo, Makery and Pushme.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Decentralized 3D maps are developed for robots and AR experiences. | fantasmo.io | Los Angeles, United States | 2014 | Mar 2022 | •••• | |
Electric kick-scooters are shared via an app-based platform. | spin.app | San Francisco, United States | 2016 | Mar 2022 | •••• | |
End-to-end solutions for bicycle sharing | nextbike.net | Leipzig, Germany | 2004 | Nov 2021 | •••• | |
Provider of business strategy, operating, technology, training, and other consulting services | makery.co | Budapest, Hungary | 2015 | Apr 2021 | •••• | |
EV charging devices, battery swapping, and API integration are provided. | getpushme.com | London, United Kingdom | 2016 | Jan 2020 | •••• |
Complete acquisition details for TIER
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of TIER
9 dated milestones of TIER across 4 years, from founding to its latest funding, stage changes and deals.
Competitors of TIER
TIER has 6 listed competitors in our database, 3 of them funded. They include VeoRide, Helbiz, Nexus Vehicle Rental, Xingxing Mobility and Poppy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veoride.com | 2017 | West Lafayette, United States | $16.03M | – | Multi-category electric vehicles are rented via an app-based platform. | |
| helbiz.com | 2016 | New York, United States | $8M | 284 | Multi-category two-wheeler sharing services are provided through a mobile app. | |
| nexusrental.co.uk | 2000 | Leeds, United Kingdom | – | – | Vehicle rentals and aftersales services are offered in the UK. | |
| xingxingmobility.com | 2019 | Seoul, South Korea | $15.61M | – | App-based platform offering electric kick scooter and bicycle rental services | |
| poppy.be | 2018 | Antwerp, Belgium | – | 32 | Electric vehicles are rented through a multi-category app platform. | |
| okmobility.com | 2004 | Palma, Spain | – | – | Offers vehicle rental, subscription, leasing, and purchase for consumers worldwide. |
Detailed competitors of TIER
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
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Web traffic of TIER
The website of TIER (tier.app) receives about 26.4K visits a month.
- Monthly visits26.4K
▼ 37.7% vs previous month
Websites whose visitors overlap most with TIER. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ridedott.com | 100% | 274K | #183,286 | View details | |
| siliconcanals.com | 89% | 1.6M | #30,695 | View details | |
| next-mobility.de | 57% | 10.8K | #2,730,078 | View details |
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as TIER (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Tier
Complete news archive for TIER
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Frequently Asked Questions about TIER
TIER was founded in 2018.
TIER is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Lawrence Leuschner is the current CEO of TIER. They have also founded this company.
TIER is a funded company, having raised a total of $660M across 11 funding rounds to date. The company's 1st funding round was a Series A of $29M, raised on Jun 2018.
TIER has 390 employees.
Founded in 2018 in Berlin, Germany, TIER operates in the shared mobility sector. Electric kick-scooters are rented via a mobile app available on Android and iOS devices, where users locate, book, and unlock vehicles. Payment options and traffic congestion optimization are included. Vehicles are parked in public spaces at ride end. Swappable batteries are exchanged at city stations, and corporate mobility solutions are provided.
TIER's top competitors include VeoRide, Nexus Vehicle Rental and Xingxing Mobility.
TIER offers TIER App and TIER Energy Network.
TIER has 27 investors. Key investors include Goldman Sachs, SoftBank Group, Speedinvest, Mubadala, and M&G.
The valuation of TIER is $2B as of Oct 2021.
TIER operates through Tier Mobility Denmark Aps.