San Francisco-based footwear brand, Allbirds, has secured $100 million in its latest Series E funding round. Led by Franklin Templeton, the funding will fuel the company’s expansion into new product categories and continue its commitment to sustainability. Other investors in the round include T. Rowe Price, Baillie Gifford, TDM Growth Partners, and Rockefeller Capital Management, as well as new and existing investors. The funding will also support Allbirds’ international growth and the expansion of its physical retail stores.

Joey Zwillinger, Co-CEO of Allbirds, believes that businesses have the power to drive positive change and sees the additional capital as an opportunity to bring more sustainable products to people worldwide. He emphasizes the need for collective action in addressing climate change, drawing parallels to the global response to the COVID-19 pandemic.

Having raised over $200 million since its launch in 2016, Allbirds currently operates 21 retail locations across the United States, Europe, Asia, and New Zealand. The brand has gained significant traction in the Asia-Pacific region, with successful launches in Japan, South Korea, and ongoing growth in the Chinese market.

One of Allbirds’ recent achievements is the introduction of its first performance running shoe, the Tree Dashers. This product launch has been its most successful to date. Additionally, the brand has expanded into new product categories, including men’s and women’s underwear made from natural and environmentally friendly materials.

Franklin Templeton research analyst and portfolio manager, Sara Araghi, commends Allbirds for its customer-focused approach and dedication to environmental concerns. She recognizes the brand’s impressive growth in a competitive market and expresses excitement about contributing to a more sustainable future through investing in Allbirds.

Useful links:
– [Allbirds Official Website](https://www.allbirds.com/)
– [Allbirds’ Sustainability Commitment](https://www.allbirds.com/pages/sustainability)