McRock participates in $85 million Series B funding round for Dott

On April 20, 2021, Dott (emTransit B.V.) announced the signing of an $85 million Series B funding round comprised of a mix of equity and asset-backed debt financing.

McRock Fund II LP ("McRock") participated in the funding round alongside several new and existing investors including Sofina, Estari, EQT Ventures, Prosus Ventures, Aberdeen Standard Investments, Expon Capital, Felix Capital, FJ Labs, Invest-NL, and Quadia.

Dott is a European micromobility company based in Amsterdam. The financing will support Dott going multi-model, launching new micromobility vehicles to European cities, starting with e-bikes in summer 2021. The company will also expand its services into new countries including Spain and the UK.

McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund manager focused on the intersection of sensors and software in large industrial markets and smart cities.

Derek Keay of Gowling WLG advised McRock on Canadian matters with respect to this funding round.