eScooter Startup Bird Raises $275 Million

Want to share this story?

Bird, a Santa Monica, California based startup that helped bring eScooters nationwide, has raised a new round of funding.

According to a Forbes report, the company raised $275 million in Series D funding, which propels its post-money valuation to $2.8 billion. Bird has attained nearly $700 million in funding since its inception in 2017. Sequoia Capital and CDPQ, a Quebec Canada based pension fund, led the round.

Bird is pressing ahead with its eScooter business while push-back continues to grow over the devices. Investors are not as enamored with the devices as they previously were, with Lime, Lyft and Uber joining Bird in many markets. Bird laid off its staff earlier this year, according to Forbes.