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SAN FRANCISCO - Sustainable footwear brand Allbirds has announced the successful completion of a US$100 million funding round which it described as a vote of confidence in its strength in the face of the COVID-19 pandemic.

Led by global investment firm Franklin Templeton, the Series E funding round also attracted backing from new and returning investors including T Rowe Price, Baillie Gifford, TDM Growth Partners and Rockefeller Capital Management.

It will enable the B Corp brand to expand its product range, accelerate the growth of its brick-and-mortar stores, support international expansion and boost its direct-to-consumer sales operation.

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