Insurance group Baloise leads seven-figure financing round at MOBIKO

Munich — Norton Rose Fulbright has advi­sed mobi­lity budget startup MOBIKO GmbH on a finan­cing round by Swiss insu­rance group Baloise. Baloise invests a seven-figure sum in MOBIKO. In addi­tion to Baloise and the exis­ting inves­tors Audi Busi­ness Inno­va­tion GmbH and mantro GmbH, the startup Family Office based in Wein­gar­ten is also invol­ved in the finan­cing round.

The startup company MOBIKO (short for mobi­lity quota) offers employ­ers a monthly flexi­ble digi­tal mobi­lity budget for all employees. With this tool, each employee uses his or her budget indi­vi­du­ally and is rewarded for envi­ron­men­tally friendly mobi­lity beha­vior. MOBIKO was deve­lo­ped by Audi Busi­ness Inno­va­tion toge­ther with the Munich-based company mantro and spun off as an inde­pen­dent GmbH in 2018.

Audi Busi­ness Inno­va­tion GmbH (ABI) is a wholly owned subsi­diary of AUDI AG and focu­ses on the deve­lo­p­ment and imple­men­ta­tion of digi­tal concepts and products. ABI provi­des relia­ble IT plat­forms for AUDI AG and the Volks­wa­gen Group.

mantro GmbH, based in Munich, supports medium-sized compa­nies and corpo­ra­ti­ons in the deve­lo­p­ment of new digi­tal busi­ness models. With more than 16 years of expe­ri­ence and 28 foun­ded ventures, mantro has become a specia­list for digi­ta­liza­tion and company building.

The Startup Family Office builds up young compa­nies with venture capi­tal and active support from expe­ri­en­ced entre­pre­neurs from medium-sized busi­nesses in a targe­ted manner and supports foun­ders holi­sti­cally, effec­tively and sustain­ably in the deve­lo­p­ment of inno­va­tive solutions.

“The concept of MOBIKO convin­ced us, as it can change the mobi­lity of compa­nies and their employees in a sustainable way. With MOBIKO’s mobi­lity budget, employ­ers can cover the indi­vi­dual needs of their employees and consider all mobi­lity solu­ti­ons. This maxi­mum flexi­bi­lity, combi­ned with incen­ti­ves, leads to signi­fi­cantly more envi­ron­men­tally friendly mobi­lity beha­vior,” says Patrick Wirth (photo), Head of Mobi­lity Unit at Baloise. The Swiss insu­rance group Baloise employs around 7,700 people and is among the top 5 Swiss insu­r­ers for private indi­vi­du­als and compa­nies. Baloise was foun­ded in 1863 and gene­ra­tes annual sales of appro­xi­m­ately CHF 9 billion. Core markets are Switz­er­land, Germany, Belgium and Luxembourg.

Advi­sors to MOBIKO GmbH: Norton Rose Fulbright
Lead Part­ner Sebas­tian Frech (Corpo­rate, M&A, Venture Capital);
Part­ner Dr. Tim Scha­per (Anti­trust), Asso­cia­tes Sebas­tian Eisen­hut (Corpo­rate, M&A, Venture Capi­tal), Mari­anne Milo­va­nov (Corpo­rate, M&A, Venture Capi­tal) and Rese­arch Asso­ciate Dennis Hoetzl.

Audi was advi­sed on the tran­sac­tion by the law firm GLNS in Munich.

Advi­sor Baloise: Law firm YPOG, Berlin

About Norton Rose Fulbright

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