Santa Monica-based scooter-sharing service Bird is said to be valued at $1 billion as part of a new $150 million funding raise, Bloomberg reports. The scooter company has been mired in controversy of late and fighting to compete with rivals for market share.
An former Snap engineer’s goodbye letter criticizing the company as unwelcoming to women and minorities highlights a diversity problem for the company, according to tech news outlet Cheddar. The company’s senior management positions are male-dominated and women make up less than 13 percent of technology roles, according to the report. With morale low, Chief Executive Evan Spiegel is said to be putting in more facetime with employees.
Hollywood-based Surkus Inc., an online platform that helps business and brands target a particular audience, has raised $10 million as part of a new Series B round, according to SoCal Tech. The round included investment from Capital Union Investments and EOS Global.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Silicon Beach Report June 29: Bird Raises $300 Million
- Silicon Beach Report June 12: Bird Looking to Raise More Cash at $2 Billion Valuation
- Silicon Beach Report July 3: Creators Capitalize on Snap Commerce
- Silicon Beach Report Feb. 14: Electric Scooter Sharing Startup Bird Raises $15 Million
- Silicon Beach Report Aug. 31: Warner Media Veteran Jumps to Snap
- Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million
- Silicon Beach Report Jan. 17: Netflix Grows Subscriber Base
- Silicon Beach Report Oct. 26: Snap Hires from Amazon, Huffington Post