Allbirds
Allbirds Raises $100M in Series E
Quick Facts
Allbirds Raises $100M in Series E
Allbirds has successfully raised $100M in a Series E at a $1.7B valuation led by Fidelity, T. Rowe Price, Franklin Templeton, Tiger Global, Lerer Hippeau.
Company Overview
Allbirds is a Fashion company headquartered in 730 Montgomery Street, San Francisco, CA 94111, founded in 2016 with 700+ employees.
Sustainable footwear and apparel
Fundraising Details
- Amount Raised: $100M
- Round Type: Series E
- Valuation: $1.7B
- Date: 2024-04-08
- Investors: Fidelity, T. Rowe Price, Franklin Templeton, Tiger Global, Lerer Hippeau
About Allbirds
Sustainable footwear and apparel The company is positioned in the Fashion sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 730 Montgomery Street, San Francisco, CA 94111
- Founded: 2016
- Team Size: 700+
- Industry: Fashion
What This Means
This funding round demonstrates strong investor confidence in Allbirds's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Fashion sector continues to attract significant investment as companies innovate to meet evolving market demands. Allbirds's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.7B valuation marks an important milestone for Allbirds, positioning the company among notable players in the Fashion industry.
Looking Ahead
With this new capital, Allbirds is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fashion space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-04-08. For more information about Allbirds, visit their headquarters at 730 Montgomery Street, San Francisco, CA 94111.
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