Bird
- Just weeks ago, electric scooter startup Bird snagged $150 million in a Series C funding round, giving the startup a $1 billion valuation
- Now, the company is reportedly raising again and seeking a $2 billion valuation.
On the heels of a funding round that gave electric scooter sharing startup Bird the elusive "unicorn" status, the company is reportedly raising again and seeking a $2 billion valuation.
This is a first for the tech industry, Axios reporter Dan Primack reported on Tuesday. Bird $4 just weeks ago, giving the startup a $1 billion valuation. That's on top of the $115 million it raised in March.
Primack wrote that tech investors have "never before participated in such a rapid and rocketing price spike."
He credited Bird's explosive valuation to a hypothetical: Ride-hailing giants like Didi, Uber, and Lyft are all $4, which could make Bird an attractive acquisition target in the near future.
This story is developing ...