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Illustration: Caresse Haaser / Axios

E-scooter company Bird is seeking to raise around $200 million in new funding at a $2 billion valuation, according to multiple sources.

Big picture: This would be just weeks after it raised $150 million at a $1 billion valuation, and only three months after raising at a $300 million valuation. Venture capitalists have never before participated in such a rapid and rocketing price spike.

  • Sequoia Capital led the $150 million infusion, but no word yet on if a lead is signed onto the new tranche.
  • The Financial Times puts the new round's likely valuation a bit lower, at $1.5 billion.

One possible investment thesis is that big ride-hail players like Didi, Lyft or Uber all want in on the micro-mobility space — e.g., the battle for bike-share company Motivate — and will soon pay up to acquire Bird.

Axios also has learned more about the make-up of a new $250 million funding round for Bird rival Lime, at a $750 million valuation:

  • Deal lead GV is committing around $50 million, as is new investor IVP and return backer Andreessen Horowitz.
  • GV parent company Alphabet also is committing around $50 million.
  • The remaining $50 million includes a $15 million commitment from existing shareholder Coatue Management.

Go deeper

McCarthy comes out against bipartisan deal on Jan. 6 commission

Photo: Win McNamee/Getty Images

House Minority Leader Kevin McCarthy (R-Calif.) will oppose a bipartisan deal announced last week that would form a 9/11-style commission to investigate the Jan. 6 Capitol riot, his office announced Tuesday.

Why it matters: McCarthy's opposition to the deal, which was negotiated by the top Republican and Democrat on the House Homeland Security Committee, underscores the internal divisions that continue to plague the GOP in the wake of Jan. 6.

53 mins ago - World

Beijing's antitrust push poses a problem for Western regulators

Illustration: Sarah Grillo/Axios

The Chinese government's anti-monopoly machinery presents a major challenge to U.S. and European regulators, a new book argues.

Why it matters: China's huge markets are attracting investment from multinational corporations and shaping the behavior of its own globe-trotting companies — giving international heft to the country's idiosyncratic antitrust enforcement and putting it on a collision course with Western-style regulation.

Arab American activists to protest Biden's Michigan visit over Israel support

"Free Palestine" rally in Dearborn on May 15. Photo: Matthew Hatcher/SOPA Images/LightRocket via Getty Images

Arab American activists are planning a series of protests on Tuesday during President Biden's visit to Dearborn, Michigan, which has one of the highest percentage of Arab Americans of any U.S. city, the Detroit Free Press reports.

Why it matters: Arab American activists are outraged over Biden's public support of Israel's military operation in Gaza, which has killed more than 200 Palestinians, including 61 children.