News

May 16, 2023

Struggling scooter scaleup Tier raises convertible note from existing investors as it looks for a buyer

The fundraise comes as the company is still posting losses

Scooter scaleup Tier has raised additional funding from existing investors, Sifted has learnt.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

Eleanor Warnock

Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

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