Electric scooter startup Bird is the fastest company to reach a valuation of $1 billion.

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Bird, one of many scooter startups currently sweeping the US, was last valued at $400 million after closing $100 million in series B funding in early March. In late May, Bird was reported to be raising $150 million in series C funding led by Sequoia Capital, at a $1 billion valuation.

People familiar with the deal told Quartz that at least three investors involved in that round—Sequoia, Accel, and Tusk Ventures—have already signed documents and wired money to Bird.

Continue reading… “Electric scooter startup Bird is the fastest company to reach a valuation of $1 billion.”

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