PwC Legal advises Tier Mobility on current Series B Financing Round with a total funding of approx. 60m USD

Oktober 8, 2019

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.


Advisors to Tier Mobility GmbH:

PwC Legal (Nuremberg):

Gerhard Wacker (Lead, Corporate / M&A), Klara Körber, Christian Heigl, Lars Spiller (Corporate / M&A)

 

For additional information please contact:

Martin Krause
PwC Communications
Tel.: +49 (0)211 981 – 16 57
Email schreiben

 

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

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Contributors

Gerhard Wacker

Corporate/M&A

Tel: +49 911 94985-281

Klara Josefine Körber

Corporate/M&A

Tel: +49 911 94985-368

Lars Spiller

Corporate/M&A

Tel: +49 911 94985-310