A Bird scooter in Santa Monica. Photo: Wally Skalij/Los Angeles Times via Getty Images
Scooter startup Bird confirmed on Thursday that it has raised $300 million in new funding led by Sequoia Capital, just months after raising its last round.
Why it matters: Scooters are the latest smartphone-enabled transportation craze, reminiscent of the ride-hailing wars a few years ago, and Bird's strategy resembles Uber's—raise more money than the competition and rapidly expand.
- Sequoia Capital partner Roelof Botha is joining Bird's board. Other investors include Accel Ventures, B Capital, Charles River Ventures, Sound Ventures, Greycroft, and existing investors like Craft Ventures, Index Ventures, Valor, Goldcrest, Tusk Ventures, and Upfront Ventures.
- The first part of the round was raised at a $1 billion valuation, while the second half was done at $2 billion.