Allbirds

Allbirds

Allbirds is a startup company manufacturing wool footwear.

Allbirds provides an online marketplace intended to offer footwear made of natural materials. The company's footwear is made from merino wool and fibers of eucalyptus trees which have properties that minimize odor, regulate temperature and wick moisture. Allbirds aim to provide customers with comfortable and sustainable shoes using these materials.

Allbirds wants to make footwear that is different from other shoemakers, sustainable and made from premium materials. They are working to design a shoe they feel is meant for everyday life.

Their footwear includes their runners, loungers, skippers, toppers and runner-ups. All of these shoes include their Mizzle variant which is a waterproof, and their Tree Loungers variant which offers improved breath-ability highlighted by larger holes in the fabric. They also offer socks, face masks, lace kits and insoles.

Funding

Seed

Allbirds announced the close of their seed funding round in March, 2016. They raised a total of $2.7 million. Lerer Hippeau led the round which included participation from Slow Ventures, Red Sea Ventures, Peterson Ventures, Mark Vadon, Great Oaks Venture Capital, Expansion Venture Capital, Brand Foundry Ventures, Brainchild Holdings and Antipodean Adventures.

Series A

On September 7, 2016 Allbirds announced the close of their Series A funding round with a total raised amount of $7.3 million. Maveron led the round which included participation from Slow Ventures, Rosecliff Ventures, Red Sea Ventures, Peterson Ventures, Lerer Hippeau, and Great Oaks Venture Capital

Series B

Allbirds announced the close of their Series B financing round on September 5, 2017 with a total raised amount of $17.5 million. Tiger Global Management led the round which included participation from Maveron, Mark Vadon, Lerer Hippeau, Elephant and Brendan Wallace.

Series C

Announced on October 11, 2018, Allbirds closed their Series C funding round with $50 million raised and at a post-financing valuation of $1.4 billion. T. Rowe Price led the round which included participation from Tiger Global Management, Mark Vadon and Fidelity Management and Research Company.

Timeline

October 2019

Allbirds, known for its wool sneakers, is getting into the apparel business.

Allbirds expanding beyond shoes - starting with socks. The company remains focused on using sustainable materials, including plants and recycled plastic bottles.

October 12, 2018

With $50M in fresh funding, Allbirds will open new stores in the US, UK and Asia.

The Wall Street Journal is reporting the round values Allbirds at $1.4 billion.

October 2018

Allbirds raises a $50,000,000 series C round from Tiger Global Management, Fidelity International and T. Rowe Price.

September 2017

Allbirds raises a $17,500,000 series B round from Tiger Global Management, Maveron, Lerer Hippeau Ventures and Elephant Partners.

September 7, 2016

Allbirds raises $7.25 million, unveils new shoe colors

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
3 Results
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People

Name
Role
LinkedIn

Joseph Zwillinger

Co-Founder

Tim Brown

Co-Founder

Further reading

Title
Author
Link
Type
Date

Allbirds cofounder calls out Amazon for knockoff shoes that cost less - Business Insider

Aaron Holmes

Web

November 20, 2019

How Allbirds became my favorite VC-backed company

Dana Olsen

Web

May 7, 2018

Documentaries, videos and podcasts

Title
Date
Link

#bits19 I Joey Zwillinger (Allbirds): Simplicity & Sustainability. The Story of Allbirds

November 28, 2019

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Arielle Pardes
May 4, 2020
Wired
The Instagram-friendly DTC startup wanted to be the Warby Parker of cereal. One year in, the company says business in booming.
Mara Leighton
December 11, 2019
Business Insider
B Corps commit themselves to get scored for their impact on everything from worker health to environmental impact.
BBC News
November 26, 2019
BBC News
The shoe firm writes an open letter to Amazon, offering to help it make its shoe "more sustainable".
October 8, 2019
Canadian Business - Your Source For Business News
NEW YORK -- Online shoe brand Allbirds plans to more than double its store count next year, hoping to reach shoppers who want to touch and try on its wool s
Sally Kaplan
October 2, 2019
Business Insider
Cult-favorite shoe startup Allbirds is known for its innovative runners made from wool, but the company has since expanded with four styles made from trees.
Nick Statt
September 19, 2019
The Verge
Facebook has earned itself a reputation as a modern tech giant unashamed to clone one of its biggest competitors' best features, but Amazon has gone one step further. That's right, it's cloned a shoe. To be precise, Amazon has copied the hallmark product of Bay Area-based apparel company Allbirds.
August 27, 2019
WebWire
Global supply chain operator GEODIS has been chosen by Allbirds to service sales through its newly launched e-commerce website, www.allbirds.eu which caters to 12 European markets, including Germany, France, the Netherlands, Italy, Spain and Scandinavia. GEODIS Netherlands will manage all of Allbirds's warehouse activities for these new markets from its central e-fulfillment hub in Venlo. San Francisco-based Allbirds, known for their sustainable trainers made from natural materials, have...
JON CARAMANICA
January 2, 2019
www.nytimes.com
At Allbirds and Birkenstock in SoHo, the Critical Shopper embarks, skeptically, on a search for styling footwear.

References

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