Loading...

Advising Germany's largest independent car sharing provider MILES on its series C fundraise.


Berlin, Germany — 13 Jan 2022

Flow Partners acted as an exclusive financial advisor to Germany's largest independent car sharing provider MILES Mobility, on its Series C growth fundraise by Crosslantic Capital.


Advising Germany's largest independent car sharing provider MILES on its series C fundraise.


Berlin, Germany — 13 Jan 2022

Flow Partners acted as an exclusive financial advisor to Germany's largest independent car sharing provider MILES Mobility, on its Series C growth fundraise by Crosslantic Capital.


Overview

Founded in 2016 and led by Oliver Mackprang, MILES provides kilometre-based car sharing, van sharing and packages for flexible long-term rentals, without any stations in a free-floating system.

MILES provides kilometre-based car sharing, van sharing and packages for flexible long-term rentals - without any stations in a free-floating system. MILES believes in a world in which mobility should be shared, sustainable and accessible to everyone and wants to provide an alternative to private car ownership. The mission is to be part of the personal mobility mix to improve urban life.

Düsseldor-based private investment firm Crosslantic Capital led this series C funding, joined by several previous backers.

This transaction highlights Flow Partners’ successful track record within mobility and online marketplaces, having advised companies like HAPPYCAR (car rental comparison platform), Onlogist (last-mile vehicle transfer marketplace) or GoTrendier (online marketplace for second-hand fashion).



About MILES

Founded in 2016, MILES Mobility is the largest independent carsharing provider in Germany and charges based on the driven kilometer, not by the minute. MILES' offering includes kilometer-based carsharing, LCV sharing and flexible rates for rentals up to 30 days – all available in a convenient and seamless stationless free-floating system.

The different vehicle types and sizes are geared to the different needs of the users, e.g. transport trips, short in-city trips, family outings and vacations. When sourcing vehicles, MILES focuses on low-emission engines and supports the use of electromobility, aiming to be operationally climate neutral by 2025.



About Crosslantic Capital

Crosslantic Capital is one of the leading growth equity firms providing capital and strategic guidance to fast-growing companies with a competitive advantage by using technology. Crosslantic partners with outstanding management teams as well as entrepreneurs and leverage its extensive operational and industry experience to turn companies into category leaders.

Currently, Crosslantic invest capital from its second fund with triple-digit million assets under management.



About Flow Partners

Flow Partners is a modern advisory firm providing independent corporate finance advice to companies and investors that shape the global digital ecosystem. Flow was founded in 2020 and operates globally with presence in London, Berlin, Warsaw and Miami.

For more information, please visit www.flowpartners.io



Enquiries

For all enquiries please contact the team at [email protected]






Relevant Client Successes

Image Image

acquisition by

Image Image
Image Image

MAILINGWORK is a German email marketing software platform.

Read more
Image Image

acquisition by

Image Image
Image Image

TestSolutions is a German software testing provider.

Read more
Image Image

strategic advisory

Image Image

Element is one of the world’s leading providers of testing, inspection, and certification services.

Image Image

acquisition by

Image Image
Image Image

Rebellion is a Spanish neobanking plaform for Gen Z and Millenials.

Read more
Image Image

acquisition by

Image Image
Image Image

HAPPYCAR is an online price comparison and booking platform for rental cars.

Read more
Pure Image

investment by

Image Image
Image Image

GoTrendier is an online marketplace to buy second-hand clothing in Mexico and Colombia.

Read more
Image Image

potential acquisition by

Testing, Inspection & Certification Player

Image Image

Resillion (formerly Eurofins Digital Testing) is a digital testing, cybersecurity, content and digital forensics provider.

Read more
Pure Image

acquisition by

Image Image
Image Image

Pure is an online platform and mobile app for casual dating, catering to curious and adventure-seeking individuals.

Read more
Ziik Ziik

investment by

Undisclosed Buyer

Ziik Ziik

Ziik is all-in-one internal communication and information sharing platform for better employee engagement.

Read more
Pure GoTrendier

investment by

GoTrendier GoTrendier
Pure Pure

Krita is the leading factoring platform operating in the Icelandic market.

Read more
Pure GoTrendier

investment by

GoTrendier GoTrendier
Pure Pure

Orka owns a portfolio of online consumer lending platforms operating in Iceland.

Read more
Pure GoTrendier

investment by

GoTrendier GoTrendier
Pure Pure

Sentryc is an AI-driven software solution to protect intellectual property and brand reputation online.

Read more
Pure GoTrendier

investment by

GoTrendier GoTrendier
Pure Pure

Legendary Play is a mobile gaming studio focused on esports community.

Read more
Pure Miles

investment by

Miles Miles
Miles Miles

MILES is the largest independent car sharing provider operating in Germany.

Read more
Picus Picus

investment by

Picus Picus
Picus Picus

Picus Security is a Turkey-based cybersecurity platform focused on Breach-and-Attack Simulation vertical.

Read more
sevDesk sevDesk

investment by

sevDesk sevDesk
sevDesk sevDesk

sevDesk is an accounting software platform for SMEs and freelancers in Germany and Austria.

Read more
Pure Metaloop

investment by

GoTrendier Metaloop
Metaloop Metaloop

Metaloop (formerly Schrott24) is an online marketplace for scrap metal trading.

Read more

European Satellite & Terrestrial Network Provider

potential investment by

Image Image
Image Image

Key Family Partners (KFP) is a Geneva-based multi-family office.

Read more

Fiber To The Home (FTTH) Provider

potential investment by

Image Image
Image Image

Key Family Partners (KFP) is a Geneva-based multi-family office.

Read more
Image Image

valuation advisory

Image Image

Onlogist is a Europe-wide online marketplace for efficient “last mile” vehicle transfer.

Read more
Image Image

valuation advisory

Image Image

Hector is a display advertising platform providing software house with expertise in AI/ML, IoT.

Read more
Image Image

valuation advisory

Image Image

Panorays is a a software platform for third-party security management.

Read more
Image Image

valuation advisory

Image Image

Percepto is an autonomous drone monitoring solutions for critical infrastructure and industrial sites.

Read more
Image Image

valuation advisory

Image Image

Selina is a travel and lifestyle hospitality platform targeted for digital nomads.

Read more
Image Image

valuation advisory

Image Image

Bonart is a financial platform that focuses on fundraising for private equity and investment industry.

Read more
Image Image

valuation advisory

Image Image

Seagull Maritime is a maritime cybersecurity and protective services company.

Read more
Image Image

valuation advisory

Image Image

Moburst is a global marketing services company that helps brands grow their mobile business.

Read more
Image Image

valuation advisory

Image Image

Lemonade is a full-stack insurance company powered by AI and behavioral economics.

Read more
Image Image

valuation advisory

Image Image

Testim is an AI-based software testing automation platform for application testing.

Read more
Image Image

valuation advisory

Image Image

Brew is a generative AI platform designed for marketing teams.

Read more
Image Image

valuation advisory

Image Image

BiomX is a clinical stage microbiome therapeutics company.

Read more
Image Image

valuation advisory

Image Image

Code Pharma develops cost-effective treatments for infectious and oncological diseases by using novel peptides.

Read more
Image Image

investment by

Undisclosed Investors

Image Image

AVE & YOU is a technology platform and DTC brand for personalized skincare.

Read more

European Digital Asset Management (DAM) Software Provider

acquisition by

Image Image
Image Image

Byron Capital Partners manages multi-manager, private equity, real estate, fixed income and credit portfolio.

Read more

See all our track record

Our capabilities span across M&A, capital raising and strategic advisory.

All Experience