Orrick Advises Goodwater Capital on Investment in TIER Mobility

October.08.2019

Deutsch: Orrick berät Goodwater Capital bei Investment in TIER Mobility

Orrick advised Goodwater Capital on their investment in the $60 million Series B financing of TIER Mobility GmbH. The round was led by Mubadala Capital and Goodwater Capital.

The Series B financing round included new investors AXA Germany and Evli Growth Partners as well as all existing investors, including White Star Capital, Northzone, Speedinvest, Point9, Indico, Kibo Ventures, Market One Capital and selected business angels like Nico Rosberg.

TIER Mobility is a leading European provider of micro-mobility solutions and wants to use the proceeds of the round to accelerate its European expansion strategy and continue to build the leading micro-mobility platform for citizens, city authorities and public transportation partners.

Goodwater Capital was advised by a cross-border Orrick team led by corporate partners Harold Yu (Silicon Valley) and Sven Greulich (Düsseldorf) and further included counsel Carsten Bernauer (M&A/Private Equity, Düsseldorf) and managing associate Johannes Rüberg (M&A/Private Equity, Düsseldorf) and associate Onur Öztürk (M&A/Private Equity, Düsseldorf).