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Bird raises $275M in series D round

Bird Rides Inc. raised $275 million in its series D round led by Sequoia Capital and Caisse de dépôt et placement du Québec.

The latest funding round brought the value of the company to $2.5 billion, TechCrunch reported, citing sources familiar with the matter.

Bird Rides is a micromobility company based in Santa Monica, Calif. It operates shared electric scooters.

Sequoia Capital is a Menlo Park, Calif.-based venture capital firm.

Caisse de dépôt et placement du Québec is an institutional investor. It manages several pension plans and insurance programs in Quebec.