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Bird confirms $300 million fundraise

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.

More:

  • 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.
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