Bird electric scooter rental service raises new funding about $2.8 billion.

    Webmains Tech | Article Appeared in Forbes first:  The bird has raised an extra $275 million in the D series of funding, the company announced Thursday. New funding raised the estimate of post-money birds to approximately $2.8 billion.

    Started in 2017, the bird-based Santa Monica became the most active and fast company ever to reach a billion-dollar valuation, Presently accumulated a total of about $700 million in funding, including the latest rounds led by previous investors Sequoia and Quebec pension fund CDPQ. TechCrunch previously reported that Bird was raising the round.

    Despite the original craze, investor’s opinions against scooters have cooled. The scooter company had faced stiff competition from Lime, Lyft, and Uber. Uber has been retrenched, removing bike Jump from markets like Atlanta and San Diego. Birds are laid off 5% of the staff in March and continue to face pressure over whether scooters can be sustainable businesses at all.

    Bird’s new pre-money valuation was first reported earlier this summer by TechCrunch and the New York Times. This is a slight increase from last year’s $2.3 billion business, but it is still a sign that venture capital firms are not pumping money into e-scooter companies, despite reports of heavy cash losses and rampant vandalism of scooters. But the temperature around scooter sharing has cooled markedly: Bird raised $418 million in funding last year. “TheVerge

    Related articles

    Insider SaaS startup has raised $32 million

    Insider, an Istanbul-born SaaS startup that had moved its headquarters to Singapore three years ago, has raised $32 million in a Series C round led by US-based Riverwood Capital and backed by existing investor...

    eBay is selling the business in response to activist investors

    eBay was planning to sell its classifieds. The representative says to Webmains the company has no comment on the negotiations reported. Webmains also contacted eBay.

    Google Chrome latest news reports updated

    Google's Chrome browser was targeted by 32 million extension downloads, security alert researchers told Reuters, underscoring the industry's continued difficulty in ensuring the security of browsers used to manage emails, payments, and other special...

    PlayStation 5 latest rumors

    I waited a long time, but Sony finally delivered. Reasonable enough to argue that very little, if not all, of the fan industry concept, makes the economy what the PS5 actually looks like. In...

    Ubisoft attacks Apple and Google for a clone of Rainbow Six Siege

    Ubisoft attacks Apple and Google for a clone of Rainbow Six: Siege. Ubisoft files lawsuit against Apple and Google over Tom Clancy's Rainbow Six: Siege Clone Apple and Google are in the sights of Ubisoft. The...

    Latest articles


    Please enter your comment!
    Please enter your name here