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Bird is a B2C company providing dockless short-term e-scooter rentals. The company was founded in 2017 by Travis VanderZanden. Bird aims to provide affordable and environmentally friendly transportation option in cities worldwide. As of March 2019, Bird is operating in 75 U.S. cities and other cities worldwide such as London, Tel Aviv, Vienna, and Madrid. Its headquarters is located in Santa Monica, California.
Bird works by putting their scooters in locations called Nests, that you can find through their mobile application. Customers can unlock an available scooter with their application. Since Bird does not provide helmets, customers are urged to bring their own. When customers wish to end the scooter rental, they can use the mobile application again. All the scooters are equipped with Bird’s own hardware so they can reduce a scooter’s speed as well as track the location of the scooters.
On June 9, 2017 Bird announced raising an undisclosed amount of seed funding from Goldcrest Capital (lead investor) and #Angels.
On October 30, 2017 Bird announced raising $15 million in series A funding from Craft Ventures (lead investor), Tusk Ventures, Moving Capital, M13, Lead Edge Capital, Goldcrest Capital, and Valor Equity Partners.
On March 9, 2019 Bird announced raising $100 million in series B funding from Valor Equity Partners (lead investor), Index Ventures (lead investor), Upfront Ventures, Tusk Ventures, Goldcrest Capital, Craft Ventures, and Bracket Capital. The series B round was raised at a pre-money valuation of $300 million. The company plans on using their series B funding to expand their operations into new markets.
On June 28, 2018 Bird announced raising $300 million in series C funding from Sequoia Capital (lead investor), e.ventures, Blisce/, Valor Equity Partners, Tusk Ventures, Troy Capital Partners, Sound Ventures, Simon Ventures, and Reshape. The series C round was raised at a pre-money valuation of $1.8 billion. The company also announced Roelof Botha, from Sequoia Capital, will be joining the company's board of directors.
On October 3, 2019 Bird announced raising $275 million in series D funding from Sequoia Capital and Caisse de Depot et Placement du Quebec. The funding was raised at a pre-money valuation of $2.5 billion.
On January 27, 2020 Bird announced expanding their series D funding round with $75 million in funding from Signals Venture Capital, Team Europe, Target Global, and Idinvest Partners. At the time of announced their expanded series D funding round the company also announced acquiring Circ, a micromobility solution provider. Bird plans on using their funding to increase its European expansion and fund it's research and development programs.
