Bird Scooters seeks $2 billion valuation; cannabis lifestyle media company raises $8 million series A; Phyn adds Devesa to executive team
Weeks after it announced raising $150 million and a $1 billion valuation, electric scooter rental company Bird reported to Axios today that it will seek an additional $200 million in funding. Bird, whose original $150 million effort was led by Sequoia Capital, has not announced if Sequoia will manage this venture as well. By comparison, Bird’s chief rival, Lime, is valued at $750 billion.
Prohbtd Media Inc., a pot-centered media production company based in Culver City, announced today it received $8 million in Series A funding, bringing its total valuation to $12 million. The company reports its lead investment came from Delavaco Group, with additional celebrity support, including investments from actor and musician Donald Glover and DJ Axwell Hedfors.
Phyn, a privately-owned smart water management company based in Torrance, has named Mariel Devesa as its newest head of global business development. The company is known for its Phyn Plus Smart Water Assistant + Shutoff device, which monitors automatically detects plumbing anomalies and monitors an entire home’s plumbing system based on minute pressure changes.
Tech reporter Samson Amore can be reached at firstname.lastname@example.org or (323) 556-8335. Follow him on Twitter @samsonamore.