Bird is raising Series D round led by Sequoia at $2.5 billion valuation

TechCrunch | 7/22/2019 | Staff
melanie7 (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/07/GettyImages-1149449644.jpg?w=601

Bird is raising a Series D round led by Sequoia Capital at a $2.5 billion valuation, TechCrunch has learned. Sources, however, did not indicate the size of the round.

This round follows reports from The Information that Bird was looking to raise $200 million to $300 million by the end of this summer, at a post-money valuation of more than $2.3 billion.

Bird - Funding - Round - Rumors - Speculation

Bird declined to comment on the funding round, saying it does not comment on rumors or speculation.

Sequoia Capital previously led Bird’s $300 million Series C round back in June, with Roelof Botha joining Bird’s board at the time. Sequoia declined to comment on the round, but Botha did say the Bird team “exemplifies grit.”

Growth - Unit - Economics - Company - Complex

“What they’ve accomplished in achieving both rapid growth and strong unit economics is rare for a company this complex and so early on,” Botha said in an email to TechCrunch. “Bird’s innovation across a spectrum of disciplines to achieve operational excellence at scale, including hardware design and manufacturing, vehicle maintenance and...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!