PwC Legal advises Tier Mobility on current Series B Financing Round with a total funding of approx. 60m USD
Nuremberg, 8th October 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Tier Mobility GmbH on the current Series B Financing Round. This financing round was led by Mubadala Capital and Goodwater Capital. The company also welcomes AXA Germany and Evli Growth Partners as new investors. In addition, almost all existing investors invested again, including White Star Capital, Northzone, Speedinvest, Point Nine, Indico, Kibo Ventures, Market One Capital as well as selected business angels like Nico Rosberg. Tier Mobility GmbH will use the funds to accelerate its European expansion strategy and continue to build the leading micro-mobility platform for citizens, city authorities and public transportation partners.
Mubadala Capital is a global lifecycle investor representing one of the largest pools of capital globally.
Goodwater Capital is one of Silicon Valley’s leading Consumer Tech investors with longstanding track record of supporting founders build their businesses.
Since its financing round in February 2019, Tier Mobility GmbH has expanded operations to over 40 cities in 12 countries. As a result, Tier Mobility GmbH surpassed 10 million rides in just eleven months since launch. This makes Tier Mobility GmbH the fastest growing mobility company.
J.P. Morgan acted as financial advisor and placement agent in connection with the Series B Financing Round.
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