Allbirds

Valuation $11B

About Allbirds

Allbirds is an apparel and fashion company that specializes in manufacturing eco-friendly wool shoes.
Headquarters Allbirds, San Francisco
Founded 2014-01-01
Industry Apparel, E-Commerce, Fashion, Manufacturing, Shoes
Last Funding Type Series E
Valuation 11
Total Funding $202.45 million dollars
IPO Status Public

Financial

Allbirds experienced a financial contraction as its revenue plummeted by 28% in the first quarter. The company also completed international distributor deals, indicating a strategic move in its operations.

Allbirds is focusing on developing eco-friendly footwear technologies. They are researching methods for dyeing molded shoe components using recycled dyebaths, enhancing sustainability. Additionally, they are innovating with co-molded midsoles that integrate a foam structure with a plate for improved shoe design. Allbirds is also exploring bio-based waterproof and breathable membranes, which are free of harmful chemicals, and knit shoes with elastic regions for better fit and comfort. These efforts highlight Allbirds' commitment to sustainable and functional footwear design.

Funding Rounds 8
Number of Lead Investors 8
Total Funding Amount  $202.45 million dollars
Number of Investors 26

Related Angels

Scooter Braun
View profile
David Gilboa
View profile
Andre Iguodala
View profile
Leonardo DiCaprio
View profile
Kalyan Vepuri
View profile