Tuesday, June 12, 2018

Report: Bird Seeking New Funding At $2 Billion Valuation

Los Angeles-based on-demand scooter rental service Bird is report raising yet more funding, at a $2 billion valuation, according to a report on Tuesday. The report, from Axios, cites "multiple sources" in saying that Bird is again looking for new funding, which comes merely weeks after raising $150M at a $1 billion valuation from Sequoia Capital. Bird is in a massive battle with a large list of players launch or looking to enter the on-demand, "last mile" scooter rental service, including Lime, Uber, and Lyft.

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