Bird is raising a Series D round led by Sequoia Capital at a $2.5 billion valuation, TechCrunch has learned. Sources, however, did not indicate the size of the round.

This round follows reports from The Information that Bird was looking to raise $200 million to $300 million by the end of this summer, at a post-money valuation of more than $2.3 billion.

Bird declined to comment on the funding round, saying it does not comment on rumors or speculation.

Sequoia Capital previously led Bird’s $300 million Series C round back in June, with Roelof Botha joining Bird’s board at the time. Sequoia declined to comment on the round, but Botha did say the Bird team “exemplifies grit.”

“What they’ve accomplished in achieving both rapid growth

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