About TIER
TIER is a company based in Berlin (Germany) founded in 2018 by Julian Blessin, Matthias Laug, and Lawrence Leuschner.. TIER has raised $582.93 million across 11 funding rounds from investors including Goldman Sachs, SoftBank Group and Speedinvest. TIER has completed 5 acquisitions, including Fantasmo, Makery and Pushme. TIER offers products and services including TIER App and TIER Energy Network. TIER operates in a competitive market with competitors including VeoRide, Helbiz, Nexus Vehicle Rental, Xingxing Mobility and Poppy, among others.
- Headquarter Berlin, Germany
- Founders Julian Blessin, Matthias Laug, Lawrence Leuschner
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Tier Mobility Denmark Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$582.93 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 21 more
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Employee Count
Employee Count
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Investments & Acquisitions
Fantasmo
& 4 more
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Products & Services of TIER
TIER offers a comprehensive portfolio of products and services, including TIER App and TIER Energy Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for renting and managing e-scooters and bikes.
Network supporting charging for electric vehicles.
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Funding Insights of TIER
TIER has successfully raised a total of $582.93M across 11 strategic funding rounds. 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 Total Funding
- Total Rounds 11
- Last Round Last Round
- First Round First Round
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Debt – Conventional - TIER | Valuation |
investors |
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| Oct, 2021 | Amount | Series D - TIER | Valuation | Mubadala , SoftBank Vision Fund | |
| Jun, 2021 | Amount | Debt – Conventional - TIER | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TIER
TIER has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, SoftBank Group and Speedinvest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TIER
TIER has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fantasmo, Makery and Pushme. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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EV charging devices, battery swapping, and API integration are provided.
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2016 | ||||
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Electric kick-scooters are shared via an app-based platform.
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2016 | ||||
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Provider of business strategy, operating, technology, training, and other consulting services
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TIER
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tier Comparisons
Competitors of TIER
TIER operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VeoRide, Helbiz, Nexus Vehicle Rental, Xingxing Mobility and Poppy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category electric vehicles are rented via an app-based platform.
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| domain | founded_year | HQ Location |
Multi-category two-wheeler sharing services are provided through a mobile app.
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| domain | founded_year | HQ Location |
Vehicle rentals and aftersales services are offered in the UK.
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| domain | founded_year | HQ Location |
App-based platform offering electric kick scooter and bicycle rental services
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| domain | founded_year | HQ Location |
Electric vehicles are rented through a multi-category app platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tier
Frequently Asked Questions about TIER
When was TIER founded?
TIER was founded in 2018.
Where is TIER located?
TIER is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of TIER?
Lawrence Leuschner is the current CEO of TIER. They have also founded this company.
Is TIER a funded company?
TIER is a funded company, having raised a total of $582.93M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $60M, raised on Jun 01, 2018.
What does TIER do?
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.
Who are the top competitors of TIER?
TIER's top competitors include VeoRide, Nexus Vehicle Rental and Xingxing Mobility.
What products or services does TIER offer?
TIER offers TIER App and TIER Energy Network.
How many acquisitions has TIER made?
Who are TIER's investors?
TIER has 22 investors. Key investors include Goldman Sachs, SoftBank Group, Speedinvest, Mubadala, and M&G.
What is TIER's valuation?
The valuation of TIER is $2B as of Oct 2021.
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