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Allbirds

#7558

Rank

$87.32M

MarketCap US

US United States

Country

Summary
Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. Allbirds, Inc. was incorporated in 2015 and is based in San Francisco, California.

History

Allbirds co-founder Tim Brown got the idea for the company while he was vice captain of the New Zealand football team. He had previously attended business school and used to make leather shoes for friends but was aware of how uncomfortable they were. In 2014, he received a research grant from the New Zealand wool industry to engineer a sneaker. He then launched his idea on Kickstarter, raising US$119,000 in five days. After launching on Kickstarter, Brown teamed up with Joey Zwillinger, a biotech engineer and renewable materials expert. They began developing their process and officially launched Allbirds in March 2016. The name Allbirds is a reference to New Zealand having almost no native land mammals. It is a land of "all birds".During their first year in business, the company raised US$7.25 million from investors including Maveron, Lerer Hippeau Ventures and other firms. In December 2017, Allbirds sued Steve Madden, alleging that the company's Traveler shoes look nearly identical to its Wool Runners.As of 2017, the company had 50 employees in their headquarters in San Francisco, US; 40 employees at its warehouse in Nashville, US; and 350 contractors in a factory in South Korea. In the end of 2017 the company launched in Australia. In October 2018, the company raised US$50 million in Series C funding, bringing its total valuation to US$1.4 billion. The company went public on the Nasdaq on 3 November 2021 under the ticker symbol BIRD.


Mission
Our mission is to revolutionize the way we think about comfort, sustainability, and style with modern shoes that look and feel great. By using natural materials, reducing our environmental impact, and providing a fair wage to all our partners, we are making shoes that are better for the planet and feet.

Vision
Our vision is to build an intimate connection between people and products. We want to create the perfect shoe that fits you and your lifestyle, while also making sure that no matter where in the world our shoes are made, they have the same quality and make as if they were crafted in our own factory.

Key Team

Mr. Joe Vernachio (Chief Operating Officer)

Mr. Benny Joseph (Chief Technology & Culture Officer)

Katina Metzidakis (VP of Investor Relations & Bus. Devel.)

Mr. Sandeep Verma (Chief Commercial Officer)

Ms. Kate Ridley (Chief Brand & Product Officer)


Recognition and Awards
Allbirds has been named to the 'Inc. 500 Fastest Growing Companies' and won the 'Edison Awards.'

References
Allbirds
Leadership team

Mr. Timothy O. Brown (Co-Founder, Co-CEO & Director)

Mr. Joseph Z. Zwillinger (Co-Founder, Co-CEO, Pres, Treasurer, Sec. & Director)

Mr. Michael J. Bufano (Chief Financial Officer)

Products/ Services
E-Commerce, Fashion, Manufacturing, Shoes
Number of Employees
500 - 1000
Headquarters
San Francisco, California, United States
Established
2014
Company Registration
SEC CIK number: 0001653909
Revenue
100M - 500M
Traded as
BIRD
Social Media
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