INSUBCONTINENT EXCLUSIVE:
Bird, the LA-founded e-scooter giant, has confirmed that it is acquiring European competitor Circ, the micromobility company founded by
Lukasz Gadowski of Delivery Hero fame.The deal, for which terms remain undisclosed, was first reported by FT late last week
Meanwhile, A Technology News Room revealed in late November that Circ was facing difficulties and had issued a round of layoffs following
to operate a micromobility service across many European markets simultaneously
is now perhaps inevitably shifting toward greater emphasis on capital efficiency
News Room.We also understand Circ was in the midst of trying to raise a Series B, which is what prompted talks with Bird
Early last year, the startup closed a Series A north of $60 million, funding it used to push into 12 countries and 43 cities, a spokesperson
tacking on another $75 million onto their Series D, which now sits at $350 million.Micromobility companies have been hard-pressed to cut
spending and push toward profitability
