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- Bird
Bird Revenue, Valuation, Funding & Investors
Bird is valued at $2.9B as of January 2020, a 11.6x multiple on its last reported $245M revenue.
Last Bird valuation
$2.9B
Series D · Jan 2020
Last Bird funding round
$75M
Series D · Jan 2020
Bird revenue
$245M
Series D · Jan 2020
Key investors in Bird
Sequoia Capital
Craft Ventures
Valor Equity Partners
Tusk Venture Partners
Goldcrest Capital
Index Ventures
About Bird
Bird is a Santa Monica-headquartered micromobility company offering shared electric scooters and bicycles in over 400 cities worldwide. Riders access vehicles via the Bird app for dockless pick-up and drop-off, with operations spanning North America, Europe, and Latin America. Founded in 2017, Bird partners with municipalities like Miami and Paris to provide last-mile transportation integrated with public transit systems.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Revenue
$245M (Jan 2020)
Valuation
$2.9B (Jan 2020)
Sectors
Bird Valuation
Bird is currently valued at $2.9B, based on its Series D in January 2020.
The $75M round included Signals Venture Capital, Idinvest Partners, Target Global, Pegasus Tech Ventures and Team Global.
Bird's valuation has grown 9.5x from $300M at its Series B in March 2018 to $2.9B in January 2020, across 4 priced rounds.
Bird valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2020 | Series D | $2.9B | 11.6x |
| Oct 2019 | Series D | $2.8B | - |
| Jun 2018 | Series C | $2B | 8.2x |
| Mar 2018 | Series B | $300M | - |
Bird Revenue
Bird's latest recorded revenue is $245M, as of its Series D in January 2020. At a $2.9B valuation, that implies a 11.6x revenue multiple.
Revenue moved from $245M in June 2018 to $245M in January 2020, while the revenue multiple moved from 8.2x to 11.6x.
Bird revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2020 | $245M | $2.9B | 11.6x | Series D |
| Jun 2018 | $245M | $2B | 8.2x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Bird Funding History
Bird has raised a total of $623M across 5 funding rounds.
Bird's first fundraising round was a $15M Series A in October 2017. The most recent completed round was a $75M Series D in January 2020.
Bird funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2020 | Series D | Signals Venture Capital; Idinvest Partners; Target Global; Pegasus Tech Ventures; Team Global | $75M | $2.9B | Bird Rides Inc., a Santa Monica-based electric scooter sharing company founded in 2017, rapidly achieved unicorn status and expanded to over 100 cities worldwide. On January 27, 2020, Bird raised an additional $75 million as an extension to its $275 million Series D round, bringing the total to $350 million, with investors including Idinvest Partners, Pegasus Tech Ventures, Target Global, Team Global/Europe, Signals Venture Capital, alongside leaders Sequoia Capital and CDPQ. The round followed a pre-money valuation of $2.5 billion from the October 2019 portion, with post-money reaching $2.85 billion per reports. Simultaneously, Bird acquired Berlin-based rival Circ, which operated in 43 cities across 12 countries in Europe and the Middle East, integrating Circ's backers into its cap table to boost global presence, particularly in Europe. The move emphasized profitability over aggressive growth, aligning with investor preferences amid cooling scooter hype, as Bird positioned cities as primary customers. This came after prior expansions, custom scooter development, and acquisitions like Scoot. Valuation stood at $2.85 billion post-raise per BuiltinLA and Business Insider, up from $2.5 billion pre-money, though other sources like dot.LA noted $2.7 billion around the period. Later reports showed 2019 revenue at $151 million dropping to $95 million in 2020 due to COVID-19, with Q1 2019 revenue around $15 million and cash burn near $100 million then. Bird focused on financial discipline and path to profitability, amid industry challenges like Lyft scaling back scooters and regulatory hurdles in markets like London. The company continued hiring and planned European expansion, investing $150 million for 50 new cities post-raise. |
| Oct 2019 | Series D | La Caisse (lead); Sequoia Capital (lead); Veronorte | $275M | $2.8B | - |
| Jun 2018 | Series C | Sequoia Capital (lead) | $158M | $2B | Bird is a dockless electric scooter-sharing startup founded in 2017, specializing in micro-mobility solutions for short urban trips. The company rapidly expanded across U.S. cities amid the 2018 scooter hype, competing with Lime and others in providing app-based, rentable e-scooters. In June 2018, Bird raised $158 million in its Series C round led by Sequoia Capital, as referenced in later reports, following a May 2018 $150 million round also led by Sequoia that achieved a $1 billion unicorn valuation. Investors poured capital into Bird due to its explosive growth and potential to disrupt ride-hailing with cheaper, greener short-distance transport. Sequoia Capital's Roelof Botha joined the board, signaling strong confidence, alongside participants like Accel, B Capital, CRV, Sound Ventures, Greycroft, and prior backers including Index Ventures and Valor Equity Partners. The funding fueled aggressive city launches, though it faced regulatory pushback, such as scooter bans in San Francisco. Unit economics were cited as viable even with potential tariffs on scooters sourced from suppliers like Xiaomi. Bird's traction stemmed from high ride volumes in coastal markets, but scaling raised questions about sustainability in varied climates and business attire scenarios. The company later raised a $275 million Series D in 2019 led by Sequoia and CDPQ at $2.75 billion valuation, acquired Scoot for $25 million, and aimed for profitability through positive unit economics and European expansion. Despite peak hype, Bird eventually filed for bankruptcy, selling assets for $145 million in 2024. |
| Mar 2018 | Series B | Index Ventures (lead); Valor Equity Partners (lead); Relay Ventures; Tusk Venture Partners; Alate Partners; Goldcrest Capital; Upfront Ventures; Craft Ventures | $100M | $300M | Bird is a Santa Monica-based electric scooter startup founded by former Uber and Lyft executive Travis VanderZanden, offering dockless electric scooters rentable via a smartphone app for short urban trips, aiming to reduce car usage and emissions. In March 2018, Bird raised $100 million in a funding round at a post-money valuation of $300 million, led by Craft Ventures with participation from Index Ventures, Valor Equity Partners, Goldcrest Capital, Tusk Venture Partners, and Upfront Ventures, among others. This followed a prior $15 million round in October 2017 and propelled rapid growth amid hype around micromobility. The round positioned Bird as a hot player in the emerging dockless scooter market, drawing comparisons to early Uber due to its viral adoption in Los Angeles and expansion plans, despite regulatory pushback from cities like Santa Monica over unpermitted operations. Investors bet on scooters becoming a staple for last-mile transport, with Bird already facing competition from Spin and LimeBike. The capital fueled scooter fleet growth and market entry. Traction included reaching 1 million rides by late April 2018. Subsequent rounds quickly escalated valuations: $150 million in May 2018 at $1 billion (Sequoia-led, unicorn status), then $300 million in June 2018 at $2 billion, highlighting the frenzied VC interest before regulatory and operational challenges mounted. |
| Oct 2017 | Series A | Craft Ventures (lead); Steve Salis; SV Angel; Tusk Venture Partners; Lead Edge Capital; Evolution VC Partners; TGM ventures; M13; Natalie Carnegie; Goldcrest Capital; Valor Equity Partners; Karman Ventures | $15M | - | Bird is a micromobility company founded in September 2017 by Travis VanderZanden that provides electric scooters for short-term rental. The company launched operations in California and quickly attracted investor interest due to demand for dockless electric scooters in urban areas. In October 2017, Craft Ventures invested $15 million in Bird, marking an early funding round ahead of subsequent raises. This initial investment from Craft Ventures was followed by a $100 million round in March 2018 and a $150 million round in May 2018 led by Sequoia Capital, which propelled Bird to a $1 billion unicorn valuation—the fastest ever at the time. Investors in the early rounds included Tusk Ventures, Valor Equity Partners, Lead Edge Capital, and Goldcrest Capital, aligning with the specified participants. Bird expanded rapidly to over 100 cities by September 2018, achieving 2 million unique riders and 10 million rides. The company faced operational challenges, including scooter durability issues with initial Xiaomi M365 models leading to losses per trip, regulatory hurdles across cities, and competition from Lime and others. Bird developed in-house models like Bird Zero and Bird Two, acquired Scoot Networks in 2019, and pursued international expansion, but later struggled with costs, leading to workforce reductions, revenue overstatement issues, and eventual Chapter 11 bankruptcy in December 2023. |
Who has invested in Bird?
24 investors have backed Bird across its funding rounds, including Sequoia Capital, Craft Ventures, Valor Equity Partners, Tusk Venture Partners, Goldcrest Capital and Index Ventures.
Lead investors include La Caisse, Sequoia Capital, Index Ventures, Valor Equity Partners and Craft Ventures.
Bird Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2017 | ||
| 2 | Participant | Oct 2017 | ||
| 2 | Lead | Jun 2018 | ||
| 2 | Lead | Oct 2017 | ||
| 2 | Lead | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Lead | Mar 2018 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
This data is available for Pro users. Sign up to see all 24 Bird investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Bird
Bird has acquired 4 companies to date.
Last acquisition by Bird was on September 19th 2023. Bird acquired Spin for $19M.
Latest Acquisitions by Bird
| Description | Spin is a San Francisco-headquartered micromobility operator deploying dockless electric scooters and bikes in urban areas and college campuses. Launched in 2017, the company operates in over 100 cities worldwide, including partnerships with universities like Purdue and municipalities in Germany. Acquired by Ford in 2018 and later spun out under GM's Cruise in 2020 before regaining independence, Spin emphasizes lightweight vehicles with swappable batteries and app-based ride sharing. | Bird Canada operates shared electric scooters in more than 10 cities including Toronto, Vancouver and Montreal. As the Canadian arm of global micromobility provider Bird, it facilitates short urban trips to cut car usage and emissions, with vehicles equipped for accessibility features like three-wheel options. | Circ is a micromobility operator deploying custom-designed electric scooters across urban areas. The Amsterdam-headquartered company launched in 2019 after rebranding from Flash and now serves 20 cities in seven European countries including the Netherlands, Germany, and Spain. Its fleet features swappable batteries and geofencing technology integrated with city traffic systems for safe operations. Circ partners with municipal authorities in Paris and Milan to promote sustainable short-distance travel. | Scoot is a shared electric vehicle service offering mopeds, cars, bicycles, and scooters via smartphone app rentals. Launched in San Francisco in 2012 as the first app-based EV sharing company, it expanded to Barcelona and Santiago before Bird acquired it in 2019. The fleet focused on urban short trips with dockless parking and GPS tracking. |
| HQ Country | ||||
| HQ City | San Francisco, CA | Toronto | Berlin | San Francisco, CA |
| Deal Date | 19 Sep 2023 | 20 Dec 2022 | 27 Jan 2020 | 12 Jun 2019 |
| Valuation | $19M | $32M | undisclosed | $25M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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Bird Competitors
Bird competitors include listed companies like Aima Technology Group, Ninebot and Lime, and private ones like ofo, TIER Mobility and TOGO.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.7B | $422M | $2.8B | 0.6x | ||
| Private | - | - | $3B | - | ||
| Private | $66M | - | $2B | 30.3x | ||
| Publicly listed | $3.2B | $335M | $4.1B | 0.7x | ||
| Publicly listed | $887M | $87M | $2B | - | ||
| Private | - | - | $1.4B | - |
Bird Public Comps
Bird is still privately-owned, but its public comps include Aima Technology Group, Lime, Ninebot, Bajaj Mobility, Youon Technology, Piaggio, Phoenix Bicycle, BiNBiN, LiveWire and Lyft.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.7B | $422M | 0.6x | 0.6x | 5.3x | 6.0x | |||
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $3.2B | $335M | 0.8x | 0.7x | 7.6x | 7.0x | |||
| $1.2B | $1B | 1.8x | - | 2.0x | - | |||
| $61M | ($17M) | 6.2x | - | (22.7x) | - | |||
| $1.7B | $284M | 0.8x | 0.7x | 4.7x | 4.5x | |||
| $322M | $30M | 1.6x | - | 16.8x | - | |||
| $11M | ($12M) | 30.9x | - | (27.8x) | - | |||
This data is available for Pro users. Sign up to see all Bird competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bird
| When was Bird founded? | Bird was founded in 2017. |
| Where is Bird headquartered? | Bird is headquartered in Los Angeles, CA, United States. |
| Is Bird publicly listed? | No, Bird is a private, VC-backed company. |
| What is Bird's valuation? | Bird was last valued at $2.9B in its Series D in January 2020. |
| How much funding has Bird raised? | Bird has raised $623M across 5 funding rounds. |
| What was Bird's last funding round? | Bird's last funding round was a $75M Series D in January 2020. |
| Who are Bird's investors? | Bird's investors include Tusk Venture Partners, Goldcrest Capital, Sequoia Capital, Valor Equity Partners, Craft Ventures, Steve Salis, Index Ventures, SV Angel, Relay Ventures, Lead Edge Capital and 14 others. |
| What is Bird's revenue? | Bird's latest recorded revenue is $245M (January 2020). |
| What is Bird's revenue multiple? | Bird's latest valuation implies a 11.6x revenue multiple ($2.9B valuation on $245M of revenue). |
| Which companies are comparable to Bird? | Companies comparable to Bird include Aima Technology Group, ofo, TIER Mobility, Ninebot, Lime and TOGO. |
| How many companies has Bird acquired? | Bird has acquired 4 companies, including Spin, Bird Canada, Circ and Scoot. |
| What was the largest acquisition by Bird? | The $32M acquisition of Bird Canada in December 2022 is the largest acquisition Bird has made to date. |
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