A San Franciscan posing with some Bird scooters.

Scooter startup Bird is the fastest unicorn to hit a $1 billion valuation

$1 billion

Bird is one of many electric-scooter startups sweeping the US, and it’s the fastest company yet to hit a $1 billion valuation.

Published   |  Photo by Quartz/Elijah Wolfson
A San Franciscan posing with some Bird scooters.
$1 billion

The company was last valued at $400 million two months ago, with competitor Lime keeping pace on its own funding.

A San Franciscan posing with some Bird scooters.
$1 billion

Bird raised $100 million in March and $150 million in May. It’s now raising more funding toward a total of $300 million, which would value it around $2 billion.

A San Franciscan posing with some Bird scooters.
$1 billion

New startups worth at least $1 billion each year in the US and China

A San Franciscan posing with some Bird scooters.
$1 billion

3D-printing company Desktop Metal held the previous record from founding to “unicorn” status at 1.79 years, according to VC research firm Pitchbook.

A San Franciscan posing with some Bird scooters.
$1 billion

Despite several setbacks and restrictions, the scooter market is still hot for investment. As Lime and Bird bring in billions, competition should see even more cash flood the field.

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