INSUBCONTINENT EXCLUSIVE:
Bird has closed a $275 million Series D round led by CDPQ and Sequoia Capital, Bird CEO Travis VanderZanden announced at TechCrunch Disrupt
The round values Bird at a $2.5 billion pre-money valuation, according to sources familiar with the round
This round comes a few months after TechCrunch reported Bird was looking to raise a Series D round at a $2.5 billion valuation led by
Positive unit economics is the new goal line
As a result, we pivoted from growth to unit economics as the top priority for the company
Now with the best unit economics in the industry, new Bird investors such as CDPQ see that we are paving the road for a long term
Botha said in a statement
early on in its development
Bird CEO Travis VanderZanden said Bird has positive unit economics on its new Bird Zero scooters, which accounts for more than 75% of its
But based on one of the images VanderZanden tweeted, it seems that figure is based on a period of four weeks in the summer when scooter
ridership is likely higher.The month before, Bird acquired Scoot in a deal worth less than $25 million
VanderZanden at TechCrunch Disrupt SF
Check out the interview below.
