Amount$725M
Post-money valuation$5.5B
SeriesSPAC Merger
AnnouncedDec 1, 2021
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical SPAC Merger round (2.6×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. SPAC Merger rounds (9)
Round size distribution78th pct
smaller SPAC Merger roundslarger
Post-money valuation100th pct
$894Mthis round: $5.5B$5.5B
