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
- 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
- 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
- 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
- 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
- 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
- Date announced: Feb. 1, 2022
- Acquirer: AngelPond
- What it does: Open-source database for cloud management
- Valuation: $672 million
- Some investors: Intel Capital, Alibaba
- Date announced: Feb. 8, 2022
- Acquirer: DPCM Capital
- What it does: Quantum computing
- Valuation: $1.6 billion
- Some investors: BDC Venture Capital, Goldman Sachs
- Date announced: Feb. 14, 2022
- Acquirer: Software Acquisition Group Inc III
- What it does: E-commerce services
- Valuation: $646 million
- Date announced: March 3, 2022
- Acquirer: Provident Acquisition Corp.
- What it does: Software for beauty and cosmetics companies
- Valuation: $1 billion
- Date announced: March 8, 2022
- Acquirer: ACMI Acquisition Corp. II
- What it does: Carbon recycling technology
- Valuation: $1.8 billion
- 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
- Date Completed: Jan. 5, 2022
- Acquirer: VPC Impact Acquisition Holdings III, Inc
- What it does: Banking app
- Date Completed: Jan. 11, 2022
- Acquirer: Petra Acquisition Inc.
- What it does: Immunologic therapeutics and diagnostics
- Date Completed: Jan. 13, 2022
- Acquirer: Decarbonation Plus Acquisition Corporation II
- What it does: EV charging
- Date Completed: Jan. 20, 2022
- Acquirer: Power and Digital Infrastructure Acquisition Corp.
- What it does: Transaction processing and app development
- Date Completed: Jan. 25, 2022
- Acquirer: CF Acquisition Corp. V
- What it does: Satellite data company
- Date Completed: Feb. 2, 2022
- Acquirer: Environmental Impact Acquisition Corp.
- What it does: Biotech company for RNA research for human and planet health
- Date Completed: Feb. 2, 2022
- Acquirer: Ivanhoe Capital Acquisition Corp.
- What it does: EV battery maker
- Date Completed: Feb. 4, 2022
- Acquirer: ECP Environmental Growth Opportunities Corp.
- What it does: Manufacturing solutions
- Date Completed: Feb. 4, 2022
- Acquirer: Merida Merger Corp. I
- What it does: Cannabis marketplace
- Date Completed: Feb. 10, 2022
- Acquirer: Growth Capital Acquisition Corp.
- What it does: Lidar technology
- Date Completed: Feb. 15, 2022
- Acquirer: Thayer Ventures
- What it does: Luxury travel service
- Date Completed: March 2, 2022
- Acquirer: Supernova Partners Acquisition Co. II
- What it does: Quantum computing
- Date Completed: March 18, 2022
- Acquirer: Bridgetown 2 Holdings Ltd.
- What it does: Real estate website for buyers and sellers
- 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
