Here’s Cincinnati’s tie to a sneaker company that was just valued at $1 billion

When you think of startup unicorns valued at more than $1 billion, a sneaker company might not come to mind. But a trendy footwear company just joined the Silicon Valley unicorn ranks, and it has a surprising Cincinnati connection.

Allbirds is the latest startup to be valued at more than $1 billion, raising a $50 million Series C round that the Wall Street Journal reports puts the company’s valuation at $1.4 billion. That’s going to make some Cincinnati companies a lot of money.

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Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Originally published October 15, 2018.