Wednesday, May 30, 2018

Report: Bird Seeks $150M In New Funding Round, Hopes To Become A Unicorn

Santa Monica-based electric scooter service Bird is looking to raise $150M more in new funding, according to a report, which values the company at more than $1 billion. The report, from Bloomberg, cites "people familiar with the matter", saying that the round is expected to be led by Sequoia Capital. Bird's CEO, Travis VanderZan, was formerly the Chief Operating Officer of Lyft. Bird is in a rapid competition with a number of competitors--include Lime and Spin--looking to deploy a nationwide network of "last mile" electric scooters which can be rented via smartphone.