Your Source for Venture Capital and Private Equity Financings

Massinvestor/VC News Daily

Bird Nabs $300M

2018-06-28
VENICE, CA, Bird, the pioneer in last-mile electric mobility, today announced its Series C funding round has closed.
The $300 million round was led by Sequoia with participation from new investors Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures. It also includes previous investors Craft Ventures, Index Ventures, Valor, Goldcrest, Tusk Ventures, and Upfront Ventures. The new capital will help Bird provide affordable and reliable transportation to people worldwide.

As part of its partnership, Sequoia Partner Roelof Botha will join Bird's board of directors. Botha is currently a Director of Eventbrite, Evernote, Square, and Unity Technologies, among other companies.

"This is the team we are betting on to write the next chapter in transportation innovation. They have the leadership, experience, and speed of execution to fundamentally change how we move around cities," said Roelof Botha, Partner at Sequoia and Bird board member. "Before Bird, no one had an affordable solution to the last-mile problem that reduced traffic and greenhouse gas emissions. The enthusiasm with which riders across the country have embraced Bird demonstrates that millions of people are hungry for an easier way to travel short distances."

"We are inspired by how people of all demographics from all over the United States have embraced this new mode of transportation," said Travis VanderZanden, founder and CEO of Bird. "With this funding, we can grow to meet this consumer demand - providing an alternative to the short car rides that are clogging our city streets and communities."

Riders interested in finding a Bird near them can download the app and sign up at www.bird.co.

About Bird

Bird is a last-mile electric vehicle sharing company dedicated to bringing affordable, environmentally friendly transportation solutions to communities across the world. It is the first company in the world to provide a fleet of shared electric scooters that can be accessed via smartphone. Birds give people looking to take a short journey across town or down that "last-mile" from the subway or bus to their destination a way to do so that does not pollute the air or add to traffic. Bird works closely with the cities in which it operates so that Bird is a reliable and affordable transportation option for people who live and work there. Founded in 2017 by transportation pioneer Travis VanderZanden, Bird is headquartered in Venice, Calif., and is rapidly expanding across the United States. Follow Bird on Instagram (www.instagram.com/bird), on Twitter at @BirdRide, and find more information at www.bird.co.
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors