Friday, March 9, 2018

Bird Banks $100M In Series B

Santa Monica-based Bird, which operates a network of "last mile" electric vehicles for connecting users with public transportation like buses and subways, has raised $100M in a Series B funding, the company said on Friday. The funding was co-led by Valor Equity Partners and Index Ventures, and also included Craft Ventures, Goldcrest Capital, plus Tusk Ventures and Upfront Ventures. Bird, which is led by founder and CEO Travis VanderZanden, offers up electric scooters as part of its service. As part of the funding, Bird said it has named angel and venture investment veteran Paige Craig as its new Head of U.S. City Operations. Craig was previously General Partner and Founder of Arena Ventures, and has been an angel investor in such companies as Lyft, Postmates, Twitter, AngelList, as well as a who's who of startups in Los Angeles. Bird currently offers up its services in Santa Monica, Venice, UCLA, Westwood, and San Diego, and is looking at a nationwide expansion with the new funding.