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Bird (company)

Bird (company)

Bird is a company developing a vehicle sharing platform for dockless electric scooters.

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.

Service

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.

Funding
Seed

On June 9, 2017 Bird announced raising an undisclosed amount of seed funding from Goldcrest Capital (lead investor) and #Angels.

Series A

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.

Series B

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.

Series C

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.

Series D

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.

Series D II

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.

Timeline

January 27, 2020
Bird raises a $75,000,000 series D round from IDInvest Partners, Pegasus Tech Ventures, Target Global, Team Europe and signals Venture Capital.
October 2019
Bird raises a $275,000,000 series D round from Caisse de dépôt et placement du Québec and Sequoia Capital.
June 28, 2018
Bird raises a $158,000,000 series C round from B Capital Group, Bracket Capital, Craft Ventures, E.ventures, Goldcrest Capital, Greycroft, Hinge Capital, Index Ventures, Reshape, Sequoia Capital, Simon Ventures, Sound Ventures, Troy Capital Partners, Tusk Venture Partners, Upfront Ventures, Valor Equity Partners and blisce/.
March 9, 2018
Bird raises a $100,000,000 series B round from Bracket Capital, Craft Ventures, Goldcrest Capital, Index Ventures, Tusk Ventures, Upfront Ventures and Valor Equity Partners.
February 2018
Bird raises a $15,000,000 series A round from Craft Ventures, Goldcrest Capital, Lead Edge Capital, Tusk Ventures and Valor Equity Partners.

Funding rounds

Patents

People

Name
Role
LinkedIn

Daniel Harman

Employee

David Estrada

Chief Legal Officer & Head of Public Policy

Erin Wallerstein

Employee

Evan Sawyer

Employee

Justin Balthrop

Chief Technology Officer

Further reading

Title
Author
Link
Type
Date

14 Months, 120 Cities, $2 Billion: There's Never Been a Company Like Bird. Is the World Ready?

Will Yakowicz

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Lisa Cox
October 8, 2021
the Guardian
Follow live updates as Guardian Australia reveals which of the remaining 10 contenders for Australian Bird of the Year 2021 is the winner. Illustration: Georgia Angus/The Guardian
Kirsten Korosec
September 20, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. The [...]
Samantha Leathers
August 30, 2021
Express.co.uk
COFOUNDERS Krisi Smith and Mike Turner used their passion for loose leaf tea mixology, and £5,000 they had in savings, to create a multimillion-pound business.
Annie Siebert
August 24, 2021
TechCrunch
When is the last time your doctor treated you at home?
Kirsten Korosec
August 23, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I'm [...]
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References

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