Electric scooter startup Bird raises $275 million in latest funding round

By Jane Lanhee Lee (Reuters) - Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector. The deal values the firm at $2.5 billion before the investment, Chief Executive Officer Travis VanderZanden told a tech conference in San Francisco. VanderZanden said Bird has been working hard to improve its financials, deflecting criticism that the company has been chasing growth at all costs

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