Total amount raised
$1.4 Billion
Latest funding date
October, 2018
Location
Allbirds has successfully raised significant capital through multiple funding rounds, including a Series E round. The company has attracted a diverse group of investors, reflecting strong confidence in its sustainable business model.
Keep reading to explore the intricacies of Allbirds' fundraising journey and the investors backing this innovative company.
What Is Allbirds?
Allbirds, founded in 2014 by Joseph Zwillinger and Tim Brown, is an apparel and fashion company based in San Francisco, California. The company specializes in manufacturing eco-friendly wool shoes and other sustainable apparel, aiming to combine comfort, good design, and sustainability.
With a workforce of 501-1000 employees, Allbirds is dedicated to using premium natural materials to create thoughtfully designed footwear for everyday life. Their product range includes sneakers and slip-on shoes for both men and women.
Allbirds continues to innovate in the realm of sustainable fashion, proving that eco-friendly practices can coexist with high-quality, comfortable products.
How Much Funding Has Allbirds Raised?
- Seed Round
- Amount Raised: $2.7M
- Date: March 2016
- Lead Investors: Lerer Hippeau
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product lines and establish market presence.
- Series A
- Amount Raised: $7.3M
- Date: October 2016
- Lead Investors: Maveron
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand the product range.
- Series B
- Amount Raised: $17.5M
- Date: September 2017
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance marketing efforts and increase brand visibility.
- Series C
- Amount Raised: $50M
- Date: October 2018
- Lead Investors: T. Rowe Price
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To support international expansion and new product development.
- Series D
- Amount Raised: $25M
- Date: January 2020
- Lead Investors: Baillie Gifford, Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand retail presence and enhance e-commerce capabilities.
- Series E
- Amount Raised: $100M
- Date: September 2020
- Lead Investors: Franklin Templeton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in sustainable innovation.
Total Amount Raised: $202.5M. Current Valuation: $1.4 billion.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment firm with a history dating back to 1947. They offer a wide range of investment solutions, including mutual funds, ETFs, and retirement plans.
- Investment Focus Areas: Mutual funds, ETFs, retirement plans.
- Notable Investments: Not publicly disclosed.
- Baillie Gifford
- Details: Baillie Gifford is an independent investment management firm founded in 1908. They manage investments for a global client base, including institutions and individuals.
- Investment Focus Areas: Equities, fixed income, multi-asset.
- Notable Investments: Tesla, Amazon, Spotify.
- Fidelity
- Details: Fidelity is a multinational financial services corporation known for its brokerage services, mutual funds, and investment management. They serve millions of individual investors and institutions worldwide.
- Investment Focus Areas: Brokerage services, mutual funds, investment management.
- Notable Investments: Uber, Airbnb, SpaceX.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm offering mutual funds, subadvisory services, and separate account management. They have been in operation since 1937.
- Investment Focus Areas: Mutual funds, retirement plans, investment management.
- Notable Investments: Google, Facebook, Microsoft.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They have a strong track record of investing in high-growth companies.
- Investment Focus Areas: Global Internet, software, consumer, financial technology.
- Notable Investments: LinkedIn, Stripe, JD.com.
What's Next for Allbirds?
Allbirds stands at the cusp of significant growth opportunities, driven by its $1.4 billion valuation and strong investor backing. The company is poised to expand into new markets and demographics, leveraging its eco-friendly brand to attract a broader audience. Strategic partnerships and marketing campaigns will further enhance its market presence.
Future fundraising appears promising, with potential for additional rounds from existing and new investors. An IPO could be on the horizon, given the high valuation and market interest. However, Allbirds must navigate competitive pressures and manage supply chain costs to maintain its growth momentum.
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