E-Sgooter startup Bird has made it official,

E-Sooter's startup Bird has made it official

announcing today that it has raised a new $300 million round led by Sequoia Capital.

The valuation of this round was at the $2 billion that has been rumored.

So if you'll remember in March of this year, Bird had a $300 million valuation.

Last month, May, the last time it raised money, Bird was at a $1 billion valuation,

and now the end of June June a $2 billion valuation. So if this is really one

huge fad and really one of the oddest ones in recent memory I'd like to point

out it's a fad that literally everyone in

venture capital wants to be in on. Let me read you the list of the investors who are

re-upping in this round for Bird. Craft Ventures, Index Ventures, Valor, Goldcrest, Tusk Ventures and

Upfront Ventures. And let me read you the list of New Investors to Bird.

A Sell, B Capital, CRV, Sound Ventures, Greycroft, and E Ventures.

Anyone else you can think of has probably invested in Bird's main rival, Lyme, including G. V. and Andreson Horowitz.

And let me read you this quote from CRVs Sargur about why his firm wanted to

participate in this round because I think it gives us some

understanding of what VC's see in all this scooter hype. Quote, we have met with

over 20 companies 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 world. We have a ton of conviction that this team

has original product thought, they created the space, and the execution

shops to build something extremely valuable here.

And we have been long-term focused, not short-term focused in making the investment.

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