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The Briefing: Embark Going Public Via SPAC, Aircall Lands $120M, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Self-driving truck startup Embark going public via SPAC

Embark, an autonomous vehicle software-as-a-service company focused on the U.S. trucking market, is the latest venture-backed transportation company to announce plans to go public through a merger with a special purpose acquisition company (SPAC).

The San Francisco-based company announced that it plans to go public through a merger with a SPAC called Northern Genesis Acquisition Corp. II. The transaction reflects an implied pro forma equity value of $5.16 billion and enterprise value of $4.55 billion.

Founded in 2015, Embark previously raised $117 million in known funding, per Crunchbase data, from backers including Tiger Global Management and Sequoia Capital.

— Joanna Glasner

Enterprise

Aircall raises $120M: Paris-based Aircall, a provider of cloud-based call center software, raised $120 million in a Series D round led by Goldman Sachs Asset Management and joined by multiple existing investors. The latest financing pushes the company past the $1 billion valuation mark and brings total funding to date to around $226 million.

Vercel pulls in $102M: Vercel, a provider of tools for companies to develop, preview, and ship web apps, has raised $102 million in a series C funding round led by Bedrock Capital. The financing reportedly values the San Francisco-headquartered company at over $1 billion.

— Joanna Glasner

The Briefing: Embark Going Public Via SPAC, Aircall Lands $120M, And More

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Source: https://news.crunchbase.com/news/briefing-6-23-21/

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