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Announced

SoftBank Vision Fund 2 led a $250m Series C round in Tier Mobility.

Financials

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Transaction Value£189m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

Single Bidder

Private Equity

Acquisition

Transportation Services

micromobility

Germany

Cross Border

Friendly

Venture Capital

Pending

Synopsis

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SoftBank Vision Fund 2 led a $250m Series C round in Tier Mobility, a European micro-mobility company, with participation from Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global. "Micro-mobility fills a large gap left by traditional urban car usage and presents a viable alternative to legacy transit systems. TIER has a proven track record in establishing long standing partnerships with cities and regulators, combined with a technology-led approach to develop leading customer propositions. We are pleased to support Lawrence and his team in building on this success," Yanni Pipilis, SoftBank Managing Partner.

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