Allbirds was founded in 2014 by Tim Brown and Joey Zwillinger. In an interview with the Wall Street Journal from October 2018, Mr. Zwillinger noted an IPO was “not desirable for a variety of reasons,” adding that the company had been “profitable since basically day one.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
The New Zealand-based company started as a direct-to-consumer footwear company with a focus on being environmentally friendly and sustainable. Allbirds has since expanded its product offerings. The company has raised over $75 million in Venture Capital funding from investors including Fidelity, T. Rowe Price, Elephant Partners, Tiger Global Management, Expansion Venture Capital, Green Oaks Venture Capital, and Lerer Hippeau. It has been widely reported that Allbirds last raised $25 million in January 2020 at a post-money valuation of $1.7 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/28/2020 | Series E | $100MM | $xx.xx | $2.17B | Baillie Gifford, Franklin Templeton, Rockefeller Capital Management, Tdm Growth Partners, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
8,648,700
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Franklin Templeton, Rockefeller Capital Management, Tdm Growth Partners, T. Rowe Price
|
||||||
01/07/2020 | Series D | $75MM | $xx.xx | $1.73B | Baillie Gifford, Fidelity Investments, Fifth Wall, Ipd Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,820,360
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Fidelity Investments, Fifth Wall, Ipd Capital
|
||||||
10/11/2018 | Series C | $50MM | $xx.xx | $1.4B | Fidelity Investments, Tiger Global Management, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
4,559,065
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity Investments, Tiger Global Management, T. Rowe Price
|
||||||
09/05/2017 | Series B | $18.5MM | $xx.xx | $367.7MM | Elephant Partners, Lerer Hippeau, Maveron, Otter Rock Capital, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
6,167,015
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Elephant Partners, Lerer Hippeau, Maveron, Otter Rock Capital, Tiger Global Management
|
||||||
09/07/2016 | Series A | $7.45MM | $xx.xx | $32.25MM | Expansion Venture Capital, Great Oaks Venture Capital, Lerer Hippeau, Maveron, Peterson Partners, Red Sea Ventures, Rosecliff Venture Partners, Slow Ventures, V1.Vc | |
Price per Share
$xx.xx
Shares Outstanding
26,212,040
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Expansion Venture Capital, Great Oaks Venture Capital, Lerer Hippeau, Maveron, Peterson Partners, Red Sea Ventures, Rosecliff Venture Partners, Slow Ventures, V1.Vc
|
||||||
03/01/2016 | Series Seed | $2.32MM | $xx.xx | $7.3MM | Brand Foundry Ventures, Great Oaks Venture Capita, Lerer Hippeau, Slow Ventures, Western Technology Investment | |
Price per Share
$xx.xx
Shares Outstanding
24,405,575
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Brand Foundry Ventures, Great Oaks Venture Capita, Lerer Hippeau, Slow Ventures, Western Technology Investment
|