Dott Raises $85M in Series B Funding

Dott, a Paris, France,- Amsterdam, The Netherlands, and London, UK-based e-scooter startup, raised $85m in a Series B equity funding and asset-backed debt financing.

The round was co-led by Sofina and Estari, with participation from EQT Ventures, Prosus Ventures, Aberdeen Standard Investments, Expon Capital, Felix Capital, FJ Labs, Invest-NL, McRock Capital, Quadia in partnership with Degroof Petercam and various angel investors.

The company intends to use the funds to:

  1. Enhance the service for users
  2. Launch new micromobility vehicles to European cities, starting with e-bikes in summer 2021
  3. Expand to new cities and countries, for example in Spain and the UK, and
  4. Raise industry standards on sustainability.

Created in October 2018 by Henri Moissinac and Maxim Romain, Dott is a micromobility operator which currently operates over 30,000 e-scooters in top cities in Belgium, France, Germany, Italy and Poland.

The company has a staff of 280, with its main teams located in Amsterdam, London and Paris.