Is Allbirds still public?

The original public issuer still trades under BIRD, but it has renamed itself Smartbird after selling the Allbirds footwear assets.

How much was Allbirds sold for?

The company announced a $39 million sale of the Allbirds brand and footwear assets to American Exchange Group.

Smartbird is the renamed public issuer pursuing AI infrastructure after the Allbirds asset sale.

Is Allbirds venture-backed?

Historically yes, but its current capital story is public-market and restructuring history rather than active private venture rounds.

Allbirds

How much has Allbirds raised?

Allbirds should not be modeled as a venture-backed private footwear startup in June 2026. The company went public in 2021, sold the footwear assets for $39 million in 2026, and the remaining issuer, Smartbird, expanded a convertible financing facility to $100 million for an AI infrastructure pivot.

Total raised: Public markets plus convertibles
Disclosed rounds: IPO/capital history
Latest round: $100M convertible facility
Latest valuation: Public micro-cap status
First raised: Pre-IPO venture era
Notable backer: Public shareholders

Allbirds' capital history

Allbirds moved from venture-backed DTC brand to IPO, then to a 2026 asset sale and Smartbird financing.

Pre-2021Venture-backed growthPrivate capital funded product, retail, and international expansion before the IPO.
Nov 2021IPOAllbirds listed on Nasdaq at a multibillion-dollar public valuation.
2025$152.5M revenue, $77.3M net lossThe annual report showed shrinking sales and continuing losses.
Mar-Apr 2026$39M brand and asset saleAmerican Exchange Group agreed to acquire the footwear assets.
Jun 2026$100M convertible facilitySmartbird expanded the facility to fund its AI infrastructure pivot.

Sources:Smartbird financing release Allbirds 2025 financial summary

How much has Allbirds raised in total?

A single private-funding total is not the right lens anymore. The important disclosed capital events are the 2021 IPO, the $39 million 2026 sale of footwear assets, and the Smartbird convertible facility that was increased to $100 million.

Who are Allbirds' investors?

As a public company, the investor base became public shareholders rather than a venture syndicate. After the 2026 transaction, economic exposure to the shoe brand sits with American Exchange Group and its brand partners, while BIRD shareholders own Smartbird.

Why did the valuation move?

The valuation declined because revenue contracted, store economics disappointed, and losses persisted after the IPO. The short-lived 2026 stock volatility came from the AI pivot, not from a sudden recovery in the footwear business.

Is Allbirds profitable, and will it IPO?

Allbirds already completed its IPO in 2021. The footwear business was not profitable as a public standalone company in fiscal 2025, and the old company structure no longer reflects the brand after the asset sale.

What does Allbirds' funding mean if you sell into them?

Treat this as a restructuring account. Footwear vendors should map American Exchange Group's brand, licensing, wholesale, and ecommerce teams; public-company infrastructure vendors should map Smartbird separately.

As of June 2026.Sources:Allbirds asset sale announcement Smartbird CEO announcement Allbirds investor relations

Allbirds — frequently asked questions

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