Allbirds valued at $1.7B with latest financing round
September 29, 2020
Sustainable sneaker brand Allbirds has brought in a $100 million Series E led by Franklin Templeton, with participation from T. Rowe Price, Baillie Gifford, TDM Growth Partners, Rockefeller Capital Management and other new and existing backers. The funding values the San Francisco-based company at $1.7 billion, according to The Wall Street Journal.
Launched in 2016, Allbirds creates its footwear and apparel out of merino wool, eucalyptus tree fibers, recycled bottles and other materials. The startup operates 21 retail locations across Europe, Asia, New Zealand and the US; it plans to use the new funding in part to continue expanding internationally and to support the opening of more brick-and-mortar stores.
Allbirds, which reportedly counts Scooter Braun and Leonardo DiCaprio among its backers, has now raised more than $200 million in private financing to date.
Launched in 2016, Allbirds creates its footwear and apparel out of merino wool, eucalyptus tree fibers, recycled bottles and other materials. The startup operates 21 retail locations across Europe, Asia, New Zealand and the US; it plans to use the new funding in part to continue expanding internationally and to support the opening of more brick-and-mortar stores.
Allbirds, which reportedly counts Scooter Braun and Leonardo DiCaprio among its backers, has now raised more than $200 million in private financing to date.
Tags:
Join the more than 1.5 million industry professionals who get our daily newsletter!