- The combined company will result in Bird adding more than 300 employees to its European operations;
- Bird announced a $75 million extension to its Series D funding round, bringing the size of the round to $350 million.
Founded by serial entrepreneur and investor, Lukasz Gadowski, Circ is a leading shared e-scooter company in Europe and the Middle East.
With operations spanning across 43 cities in 12 countries, Circ has brought world-class city-centric solutions and customer service to millions of riders.
“I founded Bird nearly three years ago because we need to change the status quo and take a transformative stance to combat the traffic and pollution that affect our cities and endanger people globally,” said Travis VanderZanden, founder and CEO of Bird.
“To further advance our mission, we’re excited to acquire Circ which is the clear European leader. We like their laser focus on treating cities as their number 1 customer and their mindset of prioritizing profitability over growth.”
“With deep city partnerships and leading technology, we have established ourselves as the micromobility leader in Europe,” said Lukasz Gadowski, founder and CEO, Circ.
“As a combined company with Bird, we will be able to significantly accelerate our mission throughout Europe to provide safe, available, affordable, convenient, and sustainable rides.”
Bird increases Series D to meet investor demand
Just three months after announcing an initial $275 million Series D investment led by CDPQ and Sequoia Capital, Bird is increasing the round to $350 million. Due to demand, the series remained open providing investors the opportunity to become part of Bird’s global micro-mobility mission.
Capital from the investment will be used to make rapid progress on the company’s path to profitability, to increase its vehicle development and research initiatives, and to support European expansion plans.