• Allbirds Plans Expansion After Securing $100 Million USD in Funding

    26 days ago - By Hypebeast

    Allbirds has announced plans for expansion after receiving $100 million USD in a round of Series E funding that closed last week. According to sources, the latest round of investment puts the company's value at $1.7 billion USD, a slight increase on where it was in 2018. Co-Chief Executive of Allbirds Joey Zwillinger explained what the funding would be used for, pointing to areas including physical retail, product line and direct-to-consumer sales operations as key for expansion. Currently, Allbirds has 21 stores around the world, and the company plans to grow that number alongside new...
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  • Allbirds to use new 100 million dollars in funding to expand its physical network and diversify collections

    Allbirds to use new 100 million dollars in funding to expand its physical network and diversify collections

    26 days ago - By Fashion United

    New York - Over the weekend, U.S. sustainable footwear brand Allbirds announced it has secured100 million dollars in new Series E Funding.
    The investment round was led by asset management firm Franklin
    Templeton, alongside T. Rowe Price, Baillie Gifford, TDM Growth Partners,
    Rockefeller Capital Management, as well as additional new and returning investors.
    “Business can be a force for positive change, and this additional capital will allow us to further our mission of bringing more sustainable products to people around the world,” co-CEO Joey Zwillinger said in a statement. “We have seen...
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