Deals
Scooter Startups Lime and Bird Seek More Funding
- Lime is said to pursue money at a valuation above $3 billion
- Bird is having conversations with investors about raising more
LimeBike shared electric scooters in San Francisco
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Scooter companies Lime and Bird Rides Inc. are less than two years old. They’ve both raised hundreds of millions of dollars. But that isn’t stopping them from looking for new financing with even loftier valuations.
Lime, officially Neutron Holdings Inc., has been meeting with investors about a new round of funding and has discussed a valuation of $3.3 billion or higher, according to three people familiar with the matter who asked not to be identified because the discussions are private. It’s unclear whether there’s investor appetite at that price, but Lime has expressed optimism about getting a deal done, one of the people said.
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Scooter Startups Lime and Bird Seek More Funding