Dott secures Series B funding round in a $85 million debt and equity deal led by Sofina

Dott, an Amsterdam, Netherlands-based scooter sharing company, announced completing a funding round totalling $85 million.

The transaction, which the company calls a Series B funding round, is an undisclosed combination of equity and asset-backed debt financing and was led by Belgium-based investment company Sofina. Other backers include new and existing investors EQT Ventures, Prosus Ventures, Aberdeen Standard Investments, Estari, Expon Capital, Felix Capital, FJ Labs, Invest-NL, McRock Capital and Quadia.

Proceeds will be used to help the company's plans to expand beyond e-scooters with a new bike-sharing service.

Dott, founded in 2018 by Henri Moissinac and Maxim Romain, is one of the many European micromobility startups providing on demand scooters in urban areas across several European cities. The company operates a fleet of 30,000 electric scooters in five countries - France, Italy, Belgium, Germany and Poland - and is available to consumers via a mobile app. The company charges an unlocking fee as well as a per-minute price.

Dott previously raised about $57 million.