Going public through a special purpose acquisition company is officially mainstream. Special purpose acquisition companies, once looked down upon by Wall Street-types as a less respectable way to go public, have been forming and going public at an unprecedented pace this year.
According to SPAC Insider, 276 SPACs have had an initial public offering so far this year, raising nearly $90 billion in gross proceeds. While last year was considered a record year for SPACs, this year has already shattered that record less than three months in.
And in the past year, the companies going public are no longer the under-the-radar types. Well-capitalized companies with brand name recognition, like genetic testing company 23AndMe and online real estate buying platform Opendoor, are among the companies who have gone public or announced their intent to go public through a SPAC.
Here at Crunchbase News, we keep a running list of the companies that have gone public this year. In the past, it’s mostly been comprised of IPOs, though there have been direct listings here and there. This year, we began keeping track of SPACs that completed their mergers and began trading.
With SPACs forming and going public every day, it seemed wise to keep track of the companies that had announced they agreed to go public via SPAC as well. The announced SPAC targets, if you will. So, we scoured news reports and press releases and compiled a list of the venture-backed companies that have announced they will be merging with a SPAC. Companies that have been reported to be in talks to go public via SPAC aren’t included in the list, and it will be updated weekly.
Date Announced: Jan. 7, 2021
Acquirer: Social Capital Hedosophia Corp. V
Valuation: $8.65 billion, per CNBC
Some Investors: Third Point Ventures, SoftBank
Date Announced: Jan. 9, 2021
Acquirer: Ace Convergence Acquisition
Valuation: $2 billion, per Bloomberg
Some Investors: Battery Ventures, New Science Ventures
Date Announced: Jan. 11, 2021
Acquirer: VPC Impact Acquisition Holdings
Valuation: $2.1 billion
Some Investors: Goldfinch Partners, M12
Date Announced: Jan. 12, 2021
Acquirer: ArcLight Clean Transition Corp.
Valuation: $1.6 billion
Some Investors: Tao Capital Partners, Daimler
Date Announced: Jan. 13, 2021
Acquirer: Hudson Executive Investment Corp.
Valuation: $1.4 billion
Some Investors: Spark Capital, Norwest Venture Partners
Date Announced: Jan. 14, 2021
Acquirer: Crescent Acquisition Corp.
Valuation: $840 million
Some Investors: Lunsford Capital, R&D Bauer Ventures
Date Announced: Jan. 22, 2021
Acquirer: Climate Change Crisis Real Impact I Acquisition Corp.
Valuation: $2.6 billion
Some Investors: Vision Ridge Capital Partners
Date Announced: Jan. 25, 2021
Acquirer: TS Innovations Acquisitions Corp.
Valuation: $1.56 billion
Some Investors: Lux Capital, RRE Ventures
Date Announced: Jan. 25, 2021
Acquirer: ION Acquisition Corp.
Valuation: $2.6 billion
Some Investors: Evergreen Venture Partners, Pitango Venture Capital
Date Announced: Jan. 29, 2021
Acquirer: TPG Pace Tech Opportunities
Valuation: $1.7 billion
Some Investors: TCV, Learn Capital
Date Announced: Feb. 1, 2021
Acquirer: Acies Acquisition Corp.
Valuation: $1.1 billion
Some Investors: Jafco Ventures
Date Announced: Feb. 1, 2021
Acquirer: Software Acquisition Group Inc. II
Valuation: $1.4 billion
Some Investors: Bessemer Venture Partners, SK Holdings
Date Announced: Feb. 1, 2021
Acquirer: Tuscan Holdings Corp.
Valuation: $3 billion
Some Investors: IFC Venture Capital Group, CITIC Securities
Date Announced: Feb. 1, 2021
Acquirer: Aspirational Consumer Lifestyle Corp.
Valuation: $2.1 billion
Some Investors: Blue Ivy Ventures, Alpaca VC
Date Announced: Feb. 2, 2021
Acquirer: Holicity Inc.
Valuation: $2.1 billion
Some Investors: ACME Capital, Airbus Ventures
Date Announced: Feb. 3, 2021
Acquirer: FTAC Olympus Acquisition Corp.
Valuation: $3.3 billion
Some Investors: TCV, Viola Ventures
Date Announced: Feb. 4, 2021
Acquirer: Bespoke Capital Acquisition Corp.
Valuation: $690 million
Some Investors: AGR Partners
Date Announced: Feb. 4, 2021
Acquirer: VG Acquisition Corp.
Valuation: $3.5 billion
Some Investors: Sequoia Capital, NextView Capital
Date Announced: Feb. 9, 2021
Acquirer: Decarbonization Plus Acquisition Corporation
Valuation: $2.1 billion
Some Investors: Total Carbon Neutrality Ventures
Date Announced: Feb. 11, 2021
Acquirer: Gores Holdings VI
Valuation: $2.9 billion
Some Investors: DCM Ventures, Lux Capital
Date Announced: Feb. 11, 2021
Acquirer: Nebula Caravel Acquisition Corp.
Valuation: $1.35 billion
Some Investors: Menlo Ventures, Spark Capital
Date Announced: Feb. 12, 2021
Acquirer: Falcon Capital Acquisition Corp.
Valuation: $3.9 billion
Some Investors: Heritage Group, Aflac Corporate Ventures
Date Announced: Feb. 16, 2021
Acquirer: Sandbridge Acquisition Corp.
Valuation: $1 billion
Some Investors: Eclipse Ventures, Formation 8
Date Announced: Feb. 17, 2021
Acquirer: CF Finance Acquisition Corp.
Valuation: $2 billion
Some Investors: BootstrapLabs, Taiwania Capital
Date Announced: Feb. 22, 2021
Acquirer: NextGen Acquisition Corp.
Valuation: $2 billion
Some Investors: Build Capital Group, Proeza Ventures
Date Announced: Feb. 22, 2021
Acquirer: Churchill Capital Corp. IV
Valuation: $11.75 billion
Some Investors: Venrock, Saudi Arabia’s Public Investment Fund
Date Announced: Feb. 24, 2021
Acquirer: Revolution Acceleration Acquisition Corp.
Valuation: $2.7 billion
Some Investors: Khosla Ventures, SoftBank
Date Announced: Feb. 24, 2021
Acquirer: Reinvent Technology Partners
Valuation: $6.6 billion
Some Investors: Intel Capital, Capricorn Investment Group
Date Announced: March 1, 2021
Acquirer: Vector Acquisition Corporation
Valuation: $4.1 billion
Some Investors: Khosla Ventures, DCVC
Date Announced: March 1, 2021
Acquirer: Tailwind Acquisition Corp.
Valuation: $1.4 billion
Some Investors: Exponential Partners, Motive Partners
Date Announced: March 2, 2021
Acquirer: Capital Investment Corp. V
Valuation: $3 billion
Some Investors: Foundation Capital, Greenspring Associates
Date Announced: March 4, 2021
Acquirer: Reinvent Technology Partners Z
Valuation: $5 billion
Some Investors: Comcast Ventures, Felicis Ventures
Date Announced: March 8, 2021
Acquirer: dMY Technology Group Inc. III
Valuation: $2 billion
Some Investors: GV, New Enterprise Associates
Date Announced: March 8, 2021
Acquirer: NewHold Investment Corp.
Valuation: $1.25 billion
Some Investors: Stanley Ventures, Lux Capital
Date Announced: March 9, 2021
Acquirer: Motion Acquisition Corp.
Valuation: $1.1 billion
Some Investors: N/A.
Date Announced: March 15, 2021
Acquirer: LGL Systems Acquisition Corp.
Valuation: $1.2 billion
Some Investors: ForgePoint Capital, C5 Capital
Date Announced: March 18, 2021
Acquirer: Supernova Partners Acquisition Company
Valuation: $3 billion
Some Investors: LL Funds
Date Announced: March 19, 2021
Acquirer: SC Health Corp.
Valuation: $1.2 billion
Some Investors: Kreos Capital, Morningside Venture Investments
Illustration: Dom Guzman
Source: Crunchbase News – Here’s Which VC-Backed Companies Are Going Public Via SPAC This Year (So Far)
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Source: https://spacfeed.com/heres-which-vc-backed-companies-are-going-public-via-spac-this-year-so-far?utm_source=rss&utm_medium=rss&utm_campaign=heres-which-vc-backed-companies-are-going-public-via-spac-this-year-so-far
