Scooter startup Bird is reportedly about to hit a $2B valuation
https://techcrunch.com/2018/06/12/scooter-startup-bird-is-reportedly-about-to-hit-a-2b-valuation/
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios.
There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on car rides and generally getting around, Bird is that but at a dramatically more granular level — thinking short hops of a few miles in congested areas. Startups that are exceedingly hot can sometimes pull off these rolling rounds where investors are coming in at various points, especially as the model further proves out over time.