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Bird is seeking a $2B valuation in their new round
Yes, they're raising money again πŸ‘€
Posted on June 12, 2018 4:06 PM.
AxiosDan Primack
E-scooter company Bird is seeking to raise around $200 million in new funding at a $2 billion valuation. This would be just weeks after it raised $150 million at a $1 billion valuation, and only three months after raising at a $300 million valuation
Yes, Bird is seeking to double their valuation after raising a $150M round just weeks ago.
Financial TimesTim Bradshaw
Coming hot on the heels of March’s $100m Series B, the Series C would mean Bird has raised a total of $450m in the first half of 2018, even though the company is barely one year old.
Bird is also racing to beat out Lime, who is working on closing their $250M round, backed by Alphabet's GV (formerly Google Ventures).
As for Bird, Sequoia Capital led the first $150 million tranche of their Series C, ...
AxiosDan Primack
... but no word yet on if a lead is signed onto the new tranche.
Despite the heavy competition, Bird seems to be positioning itself well, raising money from top firms, like Sequoia and Accel ...
... and appointing A-list board members, like David Sacks (co-founder of Yammer and PayPal), and Justin Kan (Twitch founder). We'll have to wait and see who Uber decides to acquire. πŸ€·β€β™‚οΈπŸ›΄

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