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Smartbird | formerly Allbirds
Pivoting from eco-friendly footwear to AI compute infrastructure (GPU-as-a-Service), rebranding as Smartbird.
About Smartbird | formerly Allbirds
Allbirds is a startup that specializes in creating sustainable and comfortable footwear. The company primarily serves environmentally conscious consumers who value both comfort and eco-friendliness in their shoes. Allbirds operates in the footwear market, targeting both men and women, and has expanded its product line to include socks, underwear, and accessories.
The business model of Allbirds revolves around direct-to-consumer sales through its website, allbirds.com, and select physical retail locations. This model allows the company to maintain control over its brand and customer experience while cutting out middlemen, which helps keep prices competitive. Allbirds makes money by selling its products directly to consumers, offering a range of items from everyday shoes to running shoes, all crafted from natural materials like wool and tree fibers.
Allbirds differentiates itself in the market by focusing on sustainability. The company measures the carbon footprint of its products and aims to reduce it continually. For example, the average sneaker emits 12.5 kg of CO2, while Allbirds' shoes emit only 7.6 kg. They are committed to further reducing this footprint, with a long-term goal of achieving zero carbon emissions.
In addition to its environmental focus, Allbirds emphasizes comfort. The company claims to offer the most comfortable shoes in the world, engineered with natural materials that provide a superior wearing experience. They also offer a 30-day trial period, allowing customers to return the shoes if they are not satisfied, no questions asked.
To summarize, Allbirds is a company that combines sustainability with comfort, targeting eco-conscious consumers through a direct-to-consumer business model. They make money by selling high-quality, environmentally friendly footwear and accessories, aiming to reduce their carbon footprint while providing exceptional comfort.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2014
- Headquarters
- San Francisco, United States
- Listing
- IPO 2021
- Employees
- 464
- Open positions
- 2
- Dealroom signal
- 63.5/100
- Industry
- Hosting
- Sector
- AI, Infrastructure Services, Cloud Storage, Core AI, Verified Unicorns and $1B Exits, From $1B Exit to Zebra, AI Computing Infrastructure, AI Applications, Verified Thoroughbreds
- Technology
- Artificial Intelligence, Hardware, Deep Learning
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 5 companies, latest Apr 2021
- Capital deployed
- $28M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO CONVERTIBLEOther financing | Jun 2026 | $5M | — | Undisclosed | ↗ |
| POST IPO DEBTDebt | Jun 2025 | $75M | — | Second Avenue Capital Partners | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $125M | -18% | −$63M | -50.4% |
| 2025 | $152M | -19.7% | −$63M | -41.3% |
| 2024 | $190M | -25.3% | −$78M | -40.9% |
| 2023 | $254M | -14.7% | −$61M | -24% |
| 2022 | $298M | +7.3% | −$77M | -26% |
| 2021 | $277M | +26.5% | −$35M | -12.5% |
| 2020 | $219M | — | −$23M | -10.3% |
Growth signals
Latest recorded traffic for Smartbird | formerly Allbirds is 7.5K monthly website visits, down 99.7% over the last three months. Smartbird | formerly Allbirds's team declined 17% over the past year.
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Investments and acquisitions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Great Oaks Venture Capital
Slow Ventures
Dave Morin
Series A12 investors entered at this stage
Red Sea Ventures
Lerer Hippeau
Brendan Wallace
Mark Vadon
Peterson Ventures
Brainchild
Brand Foundry Ventures
Expansion Venture Capital
Maveron
Rosecliff Venture Partners
Tiger Global
Elephant
Series B and later7 investors entered at this stage
T. Rowe Price
Fidelity Investments
ESO Fund
Franklin Templeton Investments
Baillie Gifford
Rockefeller Asset Management
Second Avenue Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Smartbird | formerly Allbirds on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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