Allbirds secured $100 million at a valuation of $1.56 billion if all Series E shares authorized are issued. The environmentally friendly footwear manufacturer is previously backed by Fidelity Management & Research, Baillie Gifford, T. Rowe Price, and Tiger Global to name a few. The most recent round, Series E, follows $25 million raised for Series D, valuing the company at $1.61 billion. The terms surrounding the Series E include a pari passu liquidation preference with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $11.56243, a down round from Series D at $12.8858.
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