Friday, June 29, 2018

Bird Now Officially Worth $2 Billion After Closing $300M Funding

Santa Monica-based electric scooter startup Bird is now officially worth $2 billion, after saying on Thursday that it has completed a $300M venture funding round, led by Sequoia Capital, and also including Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures. Bird is battling Lime, plus a host of other competitors including Uber and Lyft, to establish a beachhead in the growing "last mile" electric scooter market. Bird has been working on the new funding round all month.

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