Total amount raised
$1.4 Billion
Latest funding date
10/1/2018
Location
Allbirds has successfully navigated 9 funding rounds, with the most recent being a Post-IPO Debt round led by Second Avenue Capital Partners. The company is backed by 27 investors, including notable names like Second Avenue Capital Partners and For Good Ventures.
Keep reading to explore the intricacies of Allbirds' fundraising journey and the investors backing this innovative company.
What Is Allbirds?
Allbirds, based in San Francisco, California, is a company that specializes in eco-friendly footwear and apparel. The company is known for its commitment to sustainability, using natural materials like wool, tree fiber, and sugarcane in its products.
Founded by Tim Brown and Joey Zwillinger, Allbirds has grown to employ between 251-500 people. The company operates in the apparel, e-commerce, fashion, manufacturing, and shoes industries, focusing on reducing its carbon footprint through innovative practices.
How Much Funding Has Allbirds Raised?
- Seed Round
- Amount Raised: USD 2,700,000
- Date: March 2016
- Lead Investors: Lerer Hippeau
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and establish market presence.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2015
- Lead Investors: Peterson Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Series A
- Amount Raised: USD 7,250,000
- Date: October 2016
- Lead Investors: Maveron
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand the product line.
- Series B
- Amount Raised: USD 17,500,000
- Date: September 2017
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance marketing efforts and expand into new markets.
- Series C
- Amount Raised: USD 50,000,000
- Date: October 2018
- Lead Investors: T. Rowe Price
- Valuation at Round: USD 1.4 billion
- Motivation Behind the Round: To support international expansion and product innovation.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series D
- Amount Raised: USD 25,000,000
- Date: January 2020
- Lead Investors: Baillie Gifford, Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series E
- Amount Raised: USD 100,000,000
- Date: September 2020
- Lead Investors: Franklin Templeton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand retail presence and invest in sustainability initiatives.
- Post-IPO Debt
- Amount Raised: USD 50,000,000
- Date: June 2025
- Lead Investors: Second Avenue Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support long-term growth.
Total Amount Raised: USD 252,450,000. Current Valuation: USD 1.4 billion.
Key Investors
- Second Avenue Capital Partners
- Details: Second Avenue Capital Partners is a private investment firm that provides customized capital solutions to middle-market companies. They focus on offering flexible financing options to support growth and strategic initiatives.
- Investment Focus Areas: Middle-market companies, growth financing, strategic initiatives.
- Notable Investments: Not publicly disclosed.
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization known for its expertise in mutual funds, ETFs, and retirement planning. The firm manages assets for individual and institutional investors worldwide.
- Investment Focus Areas: Mutual funds, ETFs, retirement planning.
- Notable Investments: Not publicly disclosed.
- Baillie Gifford
- Details: Baillie Gifford is an independent investment management firm based in Edinburgh, Scotland. The firm is known for its long-term investment approach and focus on growth companies.
- Investment Focus Areas: Growth companies, long-term investments, global equities.
- Notable Investments: Not publicly disclosed.
- Fidelity
- Details: Fidelity is a multinational financial services corporation that offers a wide range of investment products, including mutual funds, brokerage services, and retirement planning.
- Investment Focus Areas: Mutual funds, brokerage services, retirement planning.
- Notable Investments: Not publicly disclosed.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm that provides mutual funds, subadvisory services, and separate account management for individuals, institutions, and retirement plans.
- Investment Focus Areas: Mutual funds, retirement plans, investment management.
- Notable Investments: Not publicly disclosed.
What's Next for Allbirds?
Allbirds stands at the cusp of significant growth opportunities, buoyed by a $1.4 billion valuation and substantial investments from prominent firms like T. Rowe, Fidelity, and Tiger Global. This financial backing positions the company to expand its product line and penetrate new markets, capitalizing on the growing consumer demand for sustainable and trendy footwear.
Future fundraising appears promising, given the strong investor confidence and the company's unicorn status. However, challenges such as maintaining product quality and managing supply chain complexities could test Allbirds' resilience. Navigating these hurdles will be crucial as the company aims to solidify its market presence and continue its upward trajectory.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Allbirds and gather other critical business insights.
Sign up for free to start making data-driven decisions and boost your sales strategy.
