Here’s Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far)
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Here’s Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far)

Last year was a banner year for special-purpose acquisition companies, but so far it’s unclear if this year will pan out to be nearly as active for the SPAC market. 

Here’s Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far)

Last year was a banner year for special-purpose acquisition companies, but so far it’s unclear if this year will pan out to be nearly as active for the SPAC market. 

The public markets have been rocky since the beginning of the year, and far fewer companies have made public market debuts. And many of the SPACs that went public last year ended the year trading down, which could impact the pipeline this year. Still, there are a lot of SPACs hunting for targets, so some announcements of mergers are expected.

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With that, we’re bringing back our annual SPAC list. We’ve scoured news reports and press releases to compile a list of VC-backed companies that have announced their plans to go public through a SPAC. Separately, we’ve included VC-backed companies that completed their SPAC mergers this year.

This list, compiled in chronological order based on the date the deal was announced, will be updated bi-weekly.

SPAC mergers of VC-backed companies announced in 2022

Tado

  • Date announced: Jan. 17, 2022
  • Acquirer: GFJ ESG Acquisition I SE
  • Valuation: 450 million euros (roughly $514.2 million)
  • What it does: Smart thermostat maker
  • Some investors: Shortcut Ventures, Inven Capital

Eleusis

  • Date announced: Jan. 20, 2022
  • Acquirer: Silver Spike Acquisition Corp. II
  • Valuation: $446 million 
  • What it does: Biotech company focused on psychedelics for therapy
  • Some investors: Palo Santo Fund

DNEG

  • Date announced: Jan. 25, 2022
  • Acquirer: Sports Ventures Acquisition Corp.
  • Valuation: $1.7 billion
  • What it does: Visual effects for movies and TV
  • Some investors: Arbor Ventures, Novator Partners

Akili Interactive

  • Date announced: Jan. 26, 2022
  • Acquirer: Social Capital Suvretta Holdings I
  • Valuation: $1 billion
  • What it does: Cognitive therapeutics and diagnostics
  • Some investors: DG Ventures, Silicon Valley Bank

D-Orbit

  • Date announced: Jan. 27, 2022
  • Acquirer: Breeze Holdings 
  • Valuation: $1.4 billion
  • What it does: Deploys, moves and removes satellites
  • Some investors: Seraphim Capital, Green Arrow Capital

MariaDB

  • Date announced: Feb. 1, 2022
  • Acquirer: AngelPond
  • What it does: Open-source database for cloud management
  • Valuation: $672 million
  • Some investors: Intel Capital, Alibaba

D-Wave Systems

  • Date announced: Feb. 8, 2022
  • Acquirer: DPCM Capital
  • What it does: Quantum computing
  • Valuation: $1.6 billion
  • Some investors: BDC Venture Capital, Goldman Sachs

Nogin

  • Date announced: Feb. 14, 2022
  • Acquirer: Software Acquisition Group Inc III
  • What it does: E-commerce services
  • Valuation: $646 million

Perfect

  • Date announced: March 3, 2022
  • Acquirer: Provident Acquisition Corp.
  • What it does: Software for beauty and cosmetics companies
  • Valuation: $1 billion

LanzaTech

  • Date announced: March 8, 2022
  • Acquirer: ACMI Acquisition Corp. II
  • What it does: Carbon recycling technology
  • Valuation: $1.8 billion

SatixFy

  • Date announced: March 8, 2022
  • Acquirer: Endurance Acquisition Corp.
  • What it does: Satellite communications company
  • Valuation: $813 million

Completed SPAC mergers of VC-backed companies in 2022

Data according to SPACTrack

Dave Inc

  • Date Completed: Jan. 5, 2022
  • Acquirer: VPC Impact Acquisition Holdings III, Inc
  • What it does: Banking app

Revelation Biosciences

  • Date Completed: Jan. 11, 2022
  • Acquirer: Petra Acquisition Inc.
  • What it does: Immunologic therapeutics and diagnostics

Tritium

  • Date Completed: Jan. 13, 2022
  • Acquirer: Decarbonation Plus Acquisition Corporation II
  • What it does: EV charging

Core Scientific

  • Date Completed: Jan. 20, 2022
  • Acquirer: Power and Digital Infrastructure Acquisition Corp.
  • What it does: Transaction processing and app development 

Satellogic

  • Date Completed: Jan. 25, 2022
  • Acquirer: CF Acquisition Corp. V
  • What it does: Satellite data company

Greenlight Biosciences

  • Date Completed: Feb. 2, 2022
  • Acquirer: Environmental Impact Acquisition Corp.
  • What it does: Biotech company for RNA research for human and planet health

SES

  • Date Completed: Feb. 2, 2022
  • Acquirer: Ivanhoe Capital Acquisition Corp.
  • What it does: EV battery maker

Fast Radius

  • Date Completed: Feb. 4, 2022
  • Acquirer: ECP Environmental Growth Opportunities Corp.
  • What it does: Manufacturing solutions

Leafly

  • Date Completed: Feb. 4, 2022
  • Acquirer: Merida Merger Corp. I
  • What it does: Cannabis marketplace

Cepton Technologies

  • Date Completed: Feb. 10, 2022
  • Acquirer: Growth Capital Acquisition Corp.
  • What it does: Lidar technology

Inspirato

  • Date Completed: Feb. 15, 2022
  • Acquirer: Thayer Ventures
  • What it does: Luxury travel service

Rigetti Computing

  • Date Completed: March 2, 2022
  • Acquirer: Supernova Partners Acquisition Co. II
  • What it does: Quantum computing

PropertyGuru

  • Date Completed: March 18, 2022
  • Acquirer: Bridgetown 2 Holdings Ltd.
  • What it does: Real estate website for buyers and sellers

Forge Global

  • Date Completed: March 21, 2022
  • Acquirer: Motive Capital Corp.
  • What it does: Private securities marketplace

Note: This list isn’t necessarily exhaustive, so please drop me a note at sophiak@crunchbase.com if I’ve missed any companies.

Illustration: Dom Guzman

Here’s Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far)

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