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Sources: Allbirds is profitable

Allbirds

Hipster sneaker maker Allbirds last week announced $50 million in new funding led by T. Rowe Price, at a unicorn valuation. Axios has learned a bit more, per multiple sources:

  • The $50 million is primary capital, but the round also included an undisclosed amount of secondary funding — pushing the overall haul into nine-digit territory.
  • The San Francisco-based company was profitable in both 2016 and 2017. Revenue jumped from $16 million in 2016 to around $80 million in 2017, with around $150 million estimated for this year.
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