INSUBCONTINENT EXCLUSIVE:
And there we have it: Bird, one of the emerging massively hyped Scooter startups, has roped in its next pile of funding by picking up
This is the second round of funding that Bird has raised over the span of a few months, sending it from a reported $1 billion valuation in
May to a $2 billion valuation by the end of June
In March, the company had a $300 million valuation, but the Scooter hype train has officially hit a pretty impressive inflection point as
investors pile on to get money into what many consider to be the next iteration of resolving transportation at an even more granular level
Ventures, Valor, Goldcrest, Tusk Ventures and Upfront Ventures are also in the round
area about as quickly as it possibly can
These sort of revolving-door fundraising processes are not entirely uncommon, especially for very hot areas of investment, though the
focused on the last-mile problem over the years and feel this is a multi-billion dollar opportunity that can have a big impact in the
And we have been long-term focused, not short-term focused, in making the investment
So in that sense, the hype from consumers is real and was a part of the decision
hop on a Bird may be worth the few bucks in order to save a few minutes crossing those considerably long blocks
Users can grab a bird that they see and start going right away if they are running late, and it does potentially alleviate the pressure of
calling a car for short distances in traffic, where a scooter may actually make more sense physically to get from point A to point B than a
car.There are some considerable hurdles going forward, both theoretical and in effect
In San Francisco, though just a small slice of the United States metropolitan area population, the company is facing significant pushback
from the local government, and scooters for the time being have been kicked off the sidewalks
