TIER valuation, funding and investors

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TIER works in micro-mobility services, based in London, United Kingdom. Founded in 2018, it has about 562 employees.

London Series D

VALUATION · TODAY

$226M −0% after Series D

Range $133M – $700M · Grade C

TODAY

+12 MO

$1.00B

$2.00B

$3.00B

$4.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series C $250M

Series D $200M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY415 employees

−7%6m growth

−20%1y growth

−45%2y growth

500

1,000

1,500

Data from Jan 2021

TODAY

Predicted in 1 yr $225M −0% vs today

Predicted next raise $252M if a round comes

Winding-down probability 97%

Last round: Series D · $200M · Oct 2021
Valuation at last round: $2.00B
Headcount: 415 · shrinking
Grade: C
Founded: 2018

How VCMC values companies →

TIER valuation today

VCMC values TIER at $226M today, with a range of $133M to $700M and a grade of C. The valuation starts from its last funding round, a Series D round in Oct 2021.

Valuation by date (109 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

TIER: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$6.03M	$2.19M – $16.6M	$8.26M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$6.19M	$2.25M – $17.0M	$8.49M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$6.34M	$2.31M – $17.4M	$8.70M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$6.52M	$2.37M – $17.9M	$8.93M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.69M	$2.43M – $18.4M	$9.17M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.87M	$2.50M – $18.9M	$9.42M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$7.05M	$2.57M – $19.4M	$9.66M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$7.24M	$2.64M – $19.9M	$9.76M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$7.44M	$2.71M – $20.4M	$9.85M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$7.63M	$2.78M – $21.0M	$9.94M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$7.84M	$2.85M – $21.5M	$10.0M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$8.04M	$2.93M – $22.1M	$10.1M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$8.26M	$3.01M – $22.7M	$10.2M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$8.49M	$3.09M – $23.3M	$10.3M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$8.70M	$3.17M – $23.9M	$10.4M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$8.93M	$3.25M – $24.5M	$10.5M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$9.17M	$3.34M – $25.2M	$10.6M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$9.42M	$3.43M – $25.9M	$10.7M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$9.66M	$3.52M – $26.5M	$10.8M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$9.76M	$3.55M – $26.8M	$10.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$9.85M	$3.59M – $27.1M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$9.94M	$3.62M – $27.3M	$11.1M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$10.0M	$3.65M – $27.5M	$11.2M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$10.1M	$3.68M – $27.8M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$10.2M	$3.72M – $28.1M	$11.4M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$10.3M	$3.75M – $28.3M	$11.5M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$10.4M	$3.78M – $28.6M	$11.6M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$10.5M	$3.82M – $28.8M	$11.7M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$10.6M	$3.85M – $29.1M	$11.8M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$10.7M	$3.89M – $29.3M	$11.9M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$10.8M	$3.92M – $29.6M	$12.0M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$10.9M	$3.96M – $29.9M	$12.1M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$11.0M	$3.99M – $30.1M	$12.2M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$11.1M	$4.03M – $30.4M	$12.3M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$11.2M	$4.07M – $30.7M	$12.4M (+11%)	before first round	–	unknown	D	0%
11 Nov 2020	$1.0B	$869M – $1.5B	$1.3B (+30%)	after a round	–	unknown	A	0%
1 Dec 2020	$1.0B	$869M – $1.5B	$1.3B (+28%)	after a round	–	unknown	A	0%
1 Jan 2021	$1.0B	$869M – $1.5B	$1.3B (+25%)	after a round	410	unknown	A	0%
1 Feb 2021	$1.1B	$869M – $1.5B	$1.3B (+22%)	after a round	410	unknown	A	0%
1 Mar 2021	$1.1B	$869M – $1.5B	$1.3B (+20%)	after a round	410	unknown	A	0%
1 Apr 2021	$1.1B	$869M – $1.5B	$1.3B (+17%)	after a round	410	flat	A	0%
1 May 2021	$1.1B	$869M – $1.5B	$1.3B (+15%)	after a round	410	flat	A	0%
1 Jun 2021	$1.2B	$869M – $1.5B	$1.3B (+12%)	after a round	410	flat	A	0%
1 Jul 2021	$1.2B	$869M – $1.5B	$1.3B (+10%)	after a round	410	flat	A	0%
1 Aug 2021	$1.2B	$869M – $1.5B	$1.3B (+8%)	after a round	410	flat	A	0%
1 Sep 2021	$1.2B	$869M – $1.5B	$1.3B (+5%)	after a round	410	flat	A	0%
1 Oct 2021	$1.3B	$869M – $1.5B	$1.3B (+3%)	after a round	410	flat	A	0%
26 Oct 2021	$2.0B	$1.7B – $3.0B	$2.6B (+30%)	after a round	410	flat	A	0%
1 Nov 2021	$2.0B	$1.7B – $3.0B	$2.6B (+29%)	after a round	410	flat	A	0%
1 Dec 2021	$2.1B	$1.7B – $3.0B	$2.6B (+27%)	after a round	410	flat	A	0%
1 Jan 2022	$2.1B	$1.7B – $3.0B	$2.6B (+24%)	after a round	410	flat	A	0%
1 Feb 2022	$2.1B	$1.7B – $3.0B	$2.6B (+21%)	after a round	410	flat	A	0%
1 Mar 2022	$2.2B	$1.7B – $3.0B	$2.6B (+19%)	after a round	1,100	growing	A	0%
1 Apr 2022	$2.2B	$1.7B – $3.0B	$2.6B (+16%)	after a round	1,100	growing	A	0%
1 May 2022	$2.3B	$1.7B – $3.0B	$2.6B (+14%)	after a round	1,100	growing	A	0%
1 Jun 2022	$2.3B	$1.7B – $3.0B	$2.6B (+11%)	after a round	1,100	growing	A	0%
1 Jul 2022	$2.4B	$1.7B – $3.0B	$2.6B (+9%)	after a round	1,100	growing	A	0%
1 Aug 2022	$2.4B	$1.7B – $3.0B	$2.6B (+6%)	after a round	1,100	growing	A	0%
1 Sep 2022	$2.5B	$1.7B – $3.0B	$2.6B (+4%)	after a round	1,100	growing	A	0%
1 Oct 2022	$2.6B	$1.7B – $3.0B	$2.6B (+2%)	after a round	1,100	growing	A	0%
1 Nov 2022	$2.6B	$1.7B – $3.0B	$2.6B (0%)	after a round	1,100	unknown	A	0%
1 Dec 2022	$2.6B	$1.6B – $3.0B	$2.6B (0%)	after a round	1,100	unknown	A	0%
1 Jan 2023	$2.7B	$1.6B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Feb 2023	$2.7B	$1.5B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Mar 2023	$2.7B	$1.4B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Apr 2023	$2.7B	$1.4B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 May 2023	$2.7B	$1.3B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Jun 2023	$2.7B	$1.3B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Jul 2023	$2.7B	$1.2B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Aug 2023	$2.7B	$1.2B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Sep 2023	$2.7B	$1.1B – $3.0B	$2.7B (0%)	after a round	1,200	flat	B	0%
1 Oct 2023	$2.7B	$1.1B – $3.0B	$2.7B (0%)	after a round	1,200	unknown	B	0%
1 Nov 2023	$2.7B	$962M – $3.0B	$2.7B (0%)	after a round	1,200	unknown	B	0%
1 Dec 2023	$2.7B	$916M – $3.0B	$2.7B (0%)	after a round	1,200	unknown	C	0%
1 Jan 2024	$2.7B	$871M – $3.0B	$2.7B (0%)	after a round	1,200	unknown	C	0%
1 Feb 2024	$1.3B	$784M – $2.6B	$885M (-34%)	after a round	940	down	C	97%
1 Mar 2024	$1.3B	$740M – $2.6B	$850M (-35%)	after a round	900	down	C	97%
1 Apr 2024	$1.3B	$704M – $2.7B	$823M (-35%)	after a round	900	down	C	97%
1 May 2024	$1.2B	$670M – $2.7B	$797M (-36%)	after a round	900	down	C	97%
1 Jun 2024	$1.2B	$637M – $2.7B	$771M (-36%)	after a round	900	down	C	97%
1 Jul 2024	$1.2B	$606M – $2.7B	$747M (-37%)	after a round	900	down	C	97%
1 Aug 2024	$1.1B	$555M – $2.7B	$696M (-37%)	after a round	760	down	C	97%
1 Sep 2024	$1.1B	$527M – $2.7B	$674M (-38%)	after a round	760	down	C	97%
1 Oct 2024	$1.1B	$502M – $2.7B	$653M (-38%)	after a round	760	down	C	97%
1 Nov 2024	$914M	$469M – $2.7B	$575M (-37%)	after a round	700	down	C	97%
1 Dec 2024	$885M	$446M – $2.7B	$556M (-37%)	after a round	700	down	C	97%
1 Jan 2025	$857M	$424M – $2.7B	$537M (-37%)	after a round	700	down	C	97%
1 Feb 2025	$829M	$403M – $2.7B	$519M (-37%)	after a round	700	down	C	97%
1 Mar 2025	$805M	$385M – $2.7B	$503M (-38%)	after a round	700	down	C	97%
1 Apr 2025	$779M	$366M – $2.7B	$485M (-38%)	after a round	700	down	D	97%
1 May 2025	$754M	$348M – $2.7B	$469M (-38%)	after a round	700	down	D	97%
1 Jun 2025	$730M	$331M – $2.7B	$453M (-38%)	after a round	700	down	D	97%
1 Jul 2025	$482M	$301M – $1.2B	$278M (-42%)	after a round	572	shrinking	C	97%
1 Aug 2025	$460M	$285M – $1.2B	$265M (-42%)	after a round	562	shrinking	C	97%
1 Sep 2025	$441M	$271M – $1.2B	$256M (-42%)	after a round	562	shrinking	C	97%
1 Oct 2025	$416M	$253M – $1.1B	$251M (-40%)	after a round	517	shrinking	C	97%
1 Nov 2025	$377M	$238M – $924M	$249M (-34%)	after a round	495	shrinking	C	97%
1 Dec 2025	$362M	$227M – $902M	$248M (-31%)	after a round	495	shrinking	C	97%
1 Jan 2026	$347M	$216M – $880M	$248M (-28%)	after a round	495	shrinking	C	97%
1 Feb 2026	$332M	$205M – $859M	$248M (-25%)	after a round	495	shrinking	C	97%
1 Mar 2026	$312M	$191M – $820M	$243M (-22%)	after a round	445	shrinking	C	97%
1 Apr 2026	$299M	$182M – $800M	$242M (-19%)	after a round	445	shrinking	C	97%
1 May 2026	$282M	$170M – $769M	$239M (-15%)	after a round	415	shrinking	C	97%
1 Jun 2026	$270M	$162M – $751M	$239M (-12%)	after a round	415	shrinking	C	97%
1 Jul 2026	$259M	$154M – $733M	$239M (-8%)	after a round	415	shrinking	C	97%
1 Aug 2026	$248M	$146M – $715M	$239M (-4%)	after a round	415	shrinking	C	97%
1 Sep 2026	$239M	$140M – $700M	$239M (0%)	after a round	415	shrinking	C	97%
1 Oct 2026	$239M	$140M – $700M	$239M (0%)	after a round	415	shrinking	C	97%
24 Oct 2026	$226M	$133M – $700M	$225M (0%)	after a round	415	shrinking	C	97%

Key facts about TIER

Founded: 2018
Headquarters: London, United Kingdom
Employees: about 562 -26% in a year
Total raised: $450M
Funding rounds: 2
Last round: Series D Oct 2021

TIER was founded in 2018 by Andreas C. H. Wolf, Andreas Hoyer, Daniel Kneidl, Johannes B. H. Wolf, Johannes Wessels and Lawrence Leuschner.

TIER funding history

TIER has 2 funding rounds on record, from Nov 2020 to Oct 2021, $450M in total. The latest disclosed valuation is $2.00B post-money (Series D, Oct 2021).

Series D 25 Oct 2021
Led by SoftBank Vision Fund, Mubadala Capital; with M&G Investments, Mountain Partners, RTP Global, Novator, White Star Capital, Northzone, Speedinvest, Goodwater Capital.
Sources: electrive.com, tadviser.com, siliconrepublic.com and 3 more
$200M
$2.00B post-money
Series C 10 Nov 2020
Led by SoftBank Vision Fund, Softbank; with Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator, RTP Global, Speedinvest.
Sources: techcrunch.com, micromobilitybiz.com, phocuswire.com and 1 more
$250M
$1.00B post-money

TIER investors

11 investors have backed TIER; Mubadala Capital, SoftBank Vision Fund and Softbank led at least one round.

What TIER does

TIER works in car rental, with 10 recorded offerings and customers in transportation.

Tier Operations Limited, DBA TIER, is a British company specialized in micro-mobility services, including e-scooters and e-bikes, with operations in Europe, the UK, and the Middle East. The company provides mobility solutions focused on sustainable urban transportation and emphasizes climate neutrality in its operations. TIER also offers real-time tracking and monitoring of vehicles through IoT infrastructure and collaborates with cities, public transport operators, and communities to deliver mobility services. The company serves a diverse user base across multiple languages.

Description from Veridion's company data.

Products and services

Micro-Mobility Services
E-Scooter Rental Services
E-Bike Rental Services
Urban Mobility Solutions
City Mobility Integration Services
Public Transport Mobility Integration Services
Safety Education Services
Real-Time Vehicle Tracking Solutions
Climate-Neutral Mobility Services
Multilingual Mobility Services

Markets

Transportation

Technology

IoT for Real-Time Vehicle Tracking
Telematics for Real-Time Vehicle Monitoring

Certifications

GDPR compliant

Business model

Business-to-Consumer
Service Provider
On-Demand

Questions about TIER

What is TIER worth?

Valuation $226M (range $133M to $700M), as of 24 Oct 2026. The last disclosed valuation was $2.00B (Series D, Oct 2021).

Has TIER raised money?

TIER has 2 funding rounds on record, from Nov 2020 to Oct 2021, $450M in total. The latest disclosed valuation is $2.00B post-money (Series D, Oct 2021).

Who has invested in TIER?

Mubadala Capital, SoftBank Vision Fund, Softbank, Goodwater Capital, Northzone and Novator, and 5 more. Lead investors include Mubadala Capital, SoftBank Vision Fund and Softbank.

How many people work at TIER?

About 562, down 26% over the last year. Headcount rose from 410 in Jan 2021 to 1,200 in Jan 2023, then fell to 415 in May 2026.

What does TIER do?

TIER works in car rental, with 10 recorded offerings and customers in transportation. Its main offerings are micro-mobility services, e-scooter rental services and e-bike rental services.

When was TIER founded, and where is it based?

TIER was founded in 2018 and is based in London, United Kingdom. It has about 562 employees, down 26% over the last year.

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