Original Post By: Prime Unicorn Index
Bird Rides, an electric scooter sharing service, filed another Amended and Restated Certificate of Incorporation on 6/15/2018 authorizing $150M of Series C-1 Preferred Stock. If all of the authorized shares are issued then the Post-Money Valuation would be north of $2B.
Funding began only a year ago for the scooter company with a Seed round investment of $4M, followed by Series A and B at $14.48M and $94.75M respectively. On June 1 Bird Rides Authorized $200M of Series C Preferred Stock, 2 weeks later they authorized $150M of Series C-1. Below is the share price analysis for the Preferred Stock.