E-scooter startup Tier raises $250 million round led by SoftBank Vision Fund 2

info@rtp-global.com | 13.11.20

Berlin-based micromobility startup Tier has raised a significant Series C round of $250 million. SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets.

As a reminder, SoftBank has invested in many late-stage funding rounds through its Vision Fund team. Portfolio companies include Nuro, Getaround, GetYourGuide, DoorDash, Grab and WeWork. But this is the first time the company is investing in a scooter-sharing startup.

Tier’s existing investors Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global are also participating in today’s funding round. According to the Financial Times, the company is now valued just below $1 billion.

While Tier isn’t a well-known brand in the U.S., the company has been expanding rapidly across Europe. It now operates in 80 cities across 10 countries. There are 60,000 electric scooters available in the app.

Like other e-scooter rental startups, such as Lime, Bird and Dott, Tier lets you unlock a scooter using an app and lock it somewhere else. You get billed by the minute.

With the new influx of cash, the company plans to expand to more cities, deploy more vehicles and launch new products. The startup is also in the process of securing an important credit line to finance more vehicles.

Tier is also trying to differentiate itself from competitors. For instance, the company has been working on the fourth generation of its scooter with user-swappable batteries.

Most scooter startups already feature swappable batteries integrated in the deck. Micromobility companies roam around cities to replace those batteries. But Tier wants to expose those batteries so users can swap those batteries themselves.

That’s why Tier wants to build energy networks in European cities. Small shops can choose to partner with Tier so they can offer battery docks with four slots. Users can take a minute at the end of their ride to swap the battery and earn free credit. That battery network is reminiscent of Gogoro’s network of charging stations in Taiwan.

Tier, like Dott, sees itself as a logistics company, not a sharing-economy company. Instead of bringing costs down by relying on underpaid freelancing partners, the company tries to optimize its processes and relies on a centralized system.

As for other differentiating factors, Tier is starting to attach a box below the handlebar to store a foldable helmet for its users. When old scooter models are phased out, Tier sells refurbished scooters to German consumers on myTIER. The company also acquired electric mopeds in Berlin.

According to Business Insider, Tier has been profitable on an EBITDA basis for the third quarter of 2020. But the company reported some losses during the first half of the year. There is some seasonality with scooter rides as people are more likely to ride a scooter during the summer season.

It’s also hard to predict how the market will evolve due to the ongoing COVID-19 pandemic. But Tier now has enough cash to stick around for a while.

For press enquiries: info@rtp-global.com

E-scooter startup Tier raises $250 million round led by SoftBank Vision Fund 2

info@rtp-global.com | 13.11.20

Berlin-based micromobility startup Tier has raised a significant Series C round of $250 million. SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets.

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Video creation and editing platform InVideo raises $15 million

info@rtp-global.com | 13.11.20

InVideo,  a Mumbai-based startup that has built a video creation and editing platform, has raised $15 million as it looks to court more users and customers worldwide.

The startup offers a freemium web-based editing tool that allows users to create videos that are fit to be published on popular social media platforms (such as Twitter, Facebook, YouTube). In the year since its launch it has amassed more than 800,000 users who have created videos in over 75 languages.

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Investments in India’s ‘speedy’ market are paying off: QandA with Galina Chifina of RTP Global

info@rtp-global.com | 01.06.20

Moscow-headquartered venture capital firm RTP Global, which was founded by Russian entrepreneur and investor Leonid Boguslavsky, has raised USD 650 million after exhausting its second global fund of USD 200 million in 34 companies across the US, Europe, India, and Southeast Asia.

The firm will invest USD 650 million in these four geographies, with about one-third of the fund allocated for early-stage to Series B technology companies from India and Southeast Asia.

RTP started developing a portfolio in India in 2011, targeting startups in e-commerce, food delivery, fintech, ed-tech, telemedecine, agritech, and mobile gaming. Then, last year, it made one investment in Vietnam and two in Singapore.

KrASIA got in touch with Galina Chifina, partner and investment advisor at RTP Global, to learn about the firm’s strategy in these two regions.

Chifina, whose plans to relocate to RTP’s new office in Singapore this year have been delayed due to the pandemic, said she will move to the city-state by early 2021.

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B2B EdTech platform, Classplus, raises $9m Series A led by RTP Global

info@rtp-global.com | 04.05.20

– Company’s active user base has quadrupled in the past six months

– Capital will be used to improve the product offerings and scale the technology platform

– RTP Global leads Series A round with follow on investment from Sequoia Capital India’s Surge and Blume Ventures

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Agri B2B Platform Bijak Raises $12M Series A Round Led By RTP Global

info@rtp-global.com | 27.04.20

Bijak, a B2B platform for agricultural commodities, announced today that it has raised a USD 12 million (INR 91 crore) Series A round led by RTP Global. Existing investors Omnivore, Omidyar Network India, Sequoia Capital India’s Surge, and Better Capital also participated in the round.

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RTP Global doubles down on founder-driven mission with new $650M fund

info@rtp-global.com | 03.03.20

Today, we announce the launch of RTP III. At $650M, our latest fund is more than three times the size of RTP II and will enable us to invest in even more companies around the world.

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Fintech leader MoneyTap secures Rs. 500 crore, raises Series B for growth

info@rtp-global.com | 29.01.20

The funding round is a mix of Equity and Debt, led by global funds like Aquiline Technology Growth and RTP Global and existing investors, namely Sequoia India, Prime Venture Partners and MegaDelta.

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RTP Global has invested into coaching platform CoachHub

info@rtp-global.com | 13.11.19

CoachHub has closed a €10M funding round, from existing investors HV Holtzbrinck VenturesPartech and Speedinvest x and new investor RTP Global. After raising €6M just three months ago, the latest round brings total funds raised this year to €16M, recognising CoachHub’s position as the leading digital coaching provider in Europe.

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Anton Inshutin leading a panel about Digital Transformation in Logistics at NOAH London

info@rtp-global.com | 07.11.19

We are happy to announce that our partner Anton Inshutin was leading a panel about Digital Transformation in Logistics at NOAH London on 30 October. Below you can see some of the ideas shared on the panel

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Munich-based AI company e-bot7 secures 5,5 Million Euro Series A

info@rtp-global.com | 21.08.19

  • e-bot7 secures 5.5 million euros in financing for further growth by the investors RTP Global (early investor in Yandex, Delivery Hero, SumUp, Urban Sports Club and many more), 42CAP, Main Incubator (early-stage investor of the Commerzbank Group) and a renowned business angel.
  • With complex NLP algorithms, an AI hybrid solution and low implementation costs, e-bot7 is currently one of the most innovative and successful providers of artificial intelligence (AI) in Europe. Only recently, the company was ranked among the Top 10 AI Startups in Forbes magazine.
  • e-bot7 integrates artificial intelligence into existing or CRM systems to increase the efficiency of customer service operations.

RTP Global together with other well-known existing investors, has invested a total of 5,5 million euros in the AI-Startup e-bot7, which was founded in 2016. Other existing investors include 42CAP, the Main Incubator, Commerzbank’s early-stage investor, and a leading private investor.

With the investment round, e-bot7 will further expand its position in the European market. The company will use the funds to further expand its technology and business team to help more customers to make their customer service more efficient through artificial intelligence.

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Clear Logistics

info@rtp-global.com | 19.06.19

Shipsta Secures Millions in Funding for its Unique
and Revolutionary Digital Logistics Concept
SHIPSTA is unique in delivering a digitisation boost in the logistics industry via
crowdsourcing and artificial intelligence – digitally procuring freight rates has
never been so easy. Well-known investors have recognised this: RTP Global and
MANGROVE CAPITAL PARTNERS are supporting SHIPSTA with a generous
amount in the millions.

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Dasha.AI Receives $2 mln in Equity Funding to Build Human-level Conversational AI RTP Ventures and RTP Global Lead Investment adding a member to company Board.

info@rtp-global.com | 18.03.19

New York, NY and Novosibirsk, NSB – March 13, 2019 – Dasha.AI Inc., an AI startup dedicated to building human-level voice conversational AI platform, today announced it has completed a $2 million seed round led by RTP Ventures and RTP Global.

“We are delighted to have such experienced in B2B venture capitalists help us build the company,” said Vladislav Chernyshov, CEO and co-founder of Dasha. “We plan to aggressively grow the company and the technology so we can continue to provide the best voice conversational AI to a market which we estimate to exceed $30bln. worldwide”

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RTP Global expands investment team and commits more capital in India and Southeast Asia

info@rtp-global.com | 15.11.18

RTP Global, the international venture capital investment firm, announces that Kirill Kozhevnikov joins as Partner focusing on India investments, working together with Galina Chifina. As part of its continued expansion in the country, RTP Global plans to invest significant portion of its new global $200M fund into early and mid stage opportunities in India.

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ru-Net becomes RTP Global

info@rtp-global.com | 30.10.18

London / New York / Moscow: ru-Net, the early stage investment and venture capital firm founded by Leonid Boguslavsky has announced at NOAH 2018 that it is changing its name to RTP Global, to reflect the success of its USA based arm RTP.vc and company’s evolution to a globally focussed venture capital firm.

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