The Simon-backed e-scooter rental service is looking to boost its valuation to $2.5bn through a series D round that could be up to $300m in size.
Bird, a US-based e-scooter rental service backed by real estate developer Simon Property Group, is in the process of raising a series D round that would value the company at $2.5bn, TechCrunch reported yesterday.
The round is expected to be led by venture capital firm Sequoia Capital, sources told the publication. A report by The Information earlier this month suggested Bird was seeking between $200m and $300m by the end of this summer at a valuation of more than $2.3bn.
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