BLP* advises Northzone as lead investor on Tier Mobility’s Series A financing round

International law firm Berwin Leighton Paisner* (BLP) have advised Northzone as lead investor on Tier Mobility’s Series A financing round.

BLP’s long-term client Northzone lead the Series A financing round with a total investment amount of €25m. Kibo Ventures joined as a new investor. Both investors from the recently closed Seed financing round, Speedinvest and Point Nine Capital, also topped up their investment in this Series A financing round. With the newly raised funds, the Berlin based start-up plans to expand its rental platform for electric scooters across Europe after the successful launch of Tier in Vienna, earlier in October.

Tier Mobility GmbH was founded in August 2018. The company has developed a rental platform to provide electric scooters in urban areas. The founding team includes ReBuy-founder Lawrence Leuschner as well as Julian Blessin and the former Lieferando-CTO Matthias Laug.

Northzone is a European Venture Capital fund backing entrepreneurs building tomorrow’s global companies. Currently investing out of NZVIII, a €350m fund and one of the largest early stage venture funds in Europe, Northzone has offices in London, Stockholm, New York and Oslo. Northzone is an early investor in companies such as Spotify, iZettle, Trustpilot, and Lesara.

Berlin partner Albrecht von Breitenbuch regularly advise Northzone on their investments in Germany, including Outfittery, Lesara, Lemoncat, Personio and Klang Games. Albrecht has built a growing practice for tech companies and venture capital investors from BLP’s Berlin office. Albrecht is leading BLP’s offering in that space in Germany. On the latest transaction he was supported by Associate Nora Wunderlich as well as Katharina von Rosenstiel (Counsel – Employment Law).

*On 1 April 2018, Bryan Cave and Berwin Leighton Paisner combined their legal practices to form Bryan Cave Leighton Paisner. The merger has not yet been completed in Germany at the present time, but is intended to be so in the future. Pending regulatory confirmation, we continue to practise as two separate legal entities in Germany: Bryan Cave Leighton Paisner LLP and Berwin Leighton Paisner (Germany) LLP.

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