Going Public Via SPAC

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

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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.

 

While last year was considered a record year for SPACs, this year has already shattered 2020’s record.

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 that 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, although there have been direct listings here and there. This year, we began keeping track of SPACs that completed their mergers and started 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.

This article was last updated on Oct. 28, 2021.

SoFi
Date Announced: Jan. 7, 2021
Acquirer: Social Capital Hedosophia Corp. V
Valuation: $8.65 billion, per CNBC
Some Investors: Third Point VenturesSoftBank

Achronix Semiconductor
Date Announced: Jan. 9, 2021
Acquirer: Ace Convergence Acquisition
Valuation: $2 billion, per Bloomberg
Some Investors: Battery Ventures, New Science Ventures

Bakkt
Date Announced: Jan. 11, 2021
Acquirer: VPC Impact Acquisition Holdings
Valuation: $2.1 billion
Some Investors: Goldfinch PartnersM12

Proterra
Date Announced: Jan. 12, 2021
Acquirer: ArcLight Clean Transition Corp.
Valuation: $1.6 billion
Some Investors: Tao Capital PartnersDaimler

Talkspace
Date Announced: Jan. 13, 2021
Acquirer: Hudson Executive Investment Corp.
Valuation: $1.4 billion
Some Investors: Spark CapitalNorwest Venture Partners

LiveVox
Date Announced: Jan. 14, 2021
Acquirer: Crescent Acquisition Corp.
Valuation: $840 million
Some Investors: Lunsford CapitalR&D Bauer Ventures

EVGo
Date Announced: Jan. 22, 2021
Acquirer: Climate Change Crisis Real Impact I Acquisition Corp.
Valuation: $2.6 billion
Some Investors: Vision Ridge Capital Partners

Latch
Date Announced: Jan. 25, 2021
Acquirer: TS Innovations Acquisitions Corp.
Valuation: $1.56 billion
Some Investors: Lux CapitalRRE Ventures

Taboola
Date Announced: Jan. 25, 2021
Acquirer: ION Acquisition Corp.
Valuation: $2.6 billion
Some Investors: Evergreen Venture PartnersPitango Venture Capital

Nerdy
Date Announced: Jan. 29, 2021
Acquirer: TPG Pace Tech Opportunities
Valuation: $1.7 billion
Some Investors: TCVLearn Capital

Playstudios
Date Announced: Feb. 1, 2021
Acquirer: Acies Acquisition Corp.
Valuation: $1.1 billion
Some Investors: Jafco Ventures

Otonomo
Date Announced: Feb. 1, 2021
Acquirer: Software Acquisition Group Inc. II
Valuation: $1.4 billion
Some Investors: Bessemer Venture PartnersSK Holdings

Microvast
Date Announced: Feb. 1, 2021
Acquirer: Tuscan Holdings Corp.
Valuation: $3 billion
Some Investors: IFC Venture Capital GroupCITIC Securities

Wheels Up
Date Announced: Feb. 1, 2021
Acquirer: Aspirational Consumer Lifestyle Corp.
Valuation: $2.1 billion
Some Investors: Blue Ivy VenturesAlpaca VC

Astra
Date Announced: Feb. 2, 2021
Acquirer: Holicity Inc.
Valuation: $2.1 billion
Some Investors:  ACME CapitalAirbus Ventures

Payoneer
Date Announced: Feb. 3, 2021
Acquirer: FTAC Olympus Acquisition Corp.
Valuation: $3.3 billion
Some Investors: TCVViola Ventures

Vintage Wine Estates
Date Announced: Feb. 4, 2021
Acquirer: Bespoke Capital Acquisition Corp.
Valuation: $690 million
Some Investors: AGR Partners

23AndMe
Date Announced: Feb. 4, 2021
Acquirer: VG Acquisition Corp.
Valuation: $3.5 billion
Some Investors: Sequoia Capital, NextView Capital

Hyzon Motors
Date Announced: Feb. 9, 2021
Acquirer: Decarbonization Plus Acquisition Corp.
Valuation: $2.1 billion
Some Investors: Total Carbon Neutrality Ventures

Matterport
Date Announced: Feb. 11, 2021
Acquirer: Gores Holdings VI
Valuation: $2.9 billion
Some Investors: DCM VenturesLux Capital

Rover
Date Announced: Feb. 11, 2021
Acquirer: Nebula Caravel Acquisition Corp.
Valuation: $1.35 billion
Some Investors: Menlo VenturesSpark Capital

Sharecare
Date Announced: Feb. 12, 2021
Acquirer: Falcon Capital Acquisition Corp.
Valuation: $3.9 billion
Some Investors: Heritage GroupAflac Corporate Ventures

Owlet Baby Care
Date Announced:  Feb. 16, 2021
Acquirer: Sandbridge Acquisition Corp.
Valuation: $1 billion
Some Investors: Eclipse VenturesFormation 8

AEye
Date Announced: Feb. 17, 2021
Acquirer: CF Finance Acquisition Corp.
Valuation: $2 billion
Some Investors: BootstrapLabsTaiwania Capital

Xos
Date Announced: Feb. 22, 2021
Acquirer: NextGen Acquisition Corp.
Valuation: $2 billion
Some Investors: Build Capital GroupProeza Ventures 

Enovix
Date Announced: Feb. 22, 2021
Acquirer: Rodgers Silicon Valley Acquisition Corp
Valuation: $1.1 billion
Some Investors: T.J. RodgersEmmanuel Hernandez

Lucid Motors
Date Announced: Feb. 22, 2021
Acquirer: Churchill Capital Corp. IV
Valuation: $11.75 billion
Some Investors: VenrockSaudi Arabia’s Public Investment Fund

Berkshire Grey
Date Announced: Feb. 24, 2021
Acquirer: Revolution Acceleration Acquisition Corp.
Valuation: $2.7 billion
Some Investors: Khosla VenturesSoftBank

Joby Aviation
Date Announced: Feb. 24, 2021
Acquirer: Reinvent Technology Partners
Valuation: $6.6 billion
Some Investors: Intel CapitalCapricorn Investment Group

Rocket Lab
Date Announced: March 1, 2021
Acquirer: Vector Acquisition Corp.
Valuation: $4.1 billion
Some Investors: Khosla VenturesDCVC

QOMPLX
Date Announced: March 1, 2021
Acquirer: Tailwind Acquisition Corp.
Valuation: $1.4 billion
Some Investors: Exponential PartnersMotive Partners

Doma
Date Announced: March 2, 2021
Acquirer: Capital Investment Corp. V
Valuation: $3 billion
Some Investors: Foundation CapitalGreenspring Associates 

Hippo Insurance
Date Announced: March 4, 2021
Acquirer: Reinvent Technology Partners Z
Valuation: $5 billion
Some Investors: Comcast VenturesFelicis Ventures

IonQ
Date Announced: March 8, 2021
Acquirer: dMY Technology Group Inc. III
Valuation: $2 billion
Some Investors: GVNew Enterprise Associates 

Evolv Technology
Date Announced: March 8, 2021
Acquirer: NewHold Investment Corp.
Valuation: $1.25 billion
Some Investors: Stanley VenturesLux Capital

Ambulnz (dba DocGo)
Date Announced: March 9, 2021
Acquirer: Motion Acquisition Corp.
Valuation: $1.1 billion
Some Investors: N/A.

IronNet
Date Announced: March 15, 2021
Acquirer: LGL Systems Acquisition Corp.
Valuation: $1.2 billion
Some Investors: ForgePoint CapitalC5 Capital

Offerpad
Date Announced: March 18, 2021
Acquirer: Supernova Partners Acquisition Co.
Valuation: $3 billion
Some Investors: LL Funds

Rockley Photonics
Date Announced: March 19, 2021
Acquirer: SC Health Corp.
Valuation: $1.2 billion
Some Investors: Kreos CapitalMorningside Venture Investments

IronSource 
Date Announced: March 21, 2021
Acquirer: Thoma Bravo Advantage
Valuation: $11.1 billion
Some Investors: Viola VenturesAccess Industries

Velo3D
Date Announced: March 23, 2021
Acquirer: JAWS Spitfire Acquisition Corp.
Valuation: $1.6 billion
Some Investors: Khosla VenturesPiva Capital

WeWork
Date Announced: March 26, 2021
Acquirer: BowX Acquisition Corp.
Valuation: $9 billion
Some Investors: SoftBank Vision FundHony Capital

SomaLogic
Date Announced: March 29, 2021
Acquirer: CM Life Sciences II
Valuation: $1.23 billion
Some Investors: Foresite CapitalFiscus Ventures

Cazoo
Date Announced: March 29, 2021
Acquirer: AJAX I
Valuation: $7 billion
Some Investors: Stride.VCGeneral Catalyst

Lilium
Date Announced: March 30, 2021
Acquirer: Qell Acquisition Corp.
Valuation: $3.3 billion
Some Investors: Tencent HoldingsFreigeist Capital

BetterTherapeutics
Date Announced: April 7, 2021
Acquirer: Mountain Crest Acquisition Corp. II
Valuation: $187 million
Some Investors: Not available.

Tango Therapeutics
Date Announced: April 14, 2021
Acquirer: BCTG Acquisition Corp.
Valuation: $353 million
Some Investors: Casdin CapitalBoxer Capital

Vicarious Surgical
Date Announced: April 15
Acquirer: D8 Holdings Corp.
Valuation: $1.1 billion
Some Investors: Khosla VenturesGates Frontier Fund

SmartRent
Date Announced: April 22, 2021
Acquirer: Fifth Wall Acquisition Corp. I
Valuation: $2.2 billion
Some Investors: Spark CapitalFifth Wall 

Enjoy Technology
Date Announced: April 28, 2021
Acquirer: Marquee Raine Acquisition Corp.
Valuation: $1.2 billion
Some Investors: L CattertonHighland Capital Partners

ShapeWays
Date Announced: April 28, 2021
Acquirer: Galileo Acquisition Corp.
Valuation: $410 million
Some Investors: Lux CapitalAndreessen Horowitz

Sonder
Date Announced: April 30, 2021
Acquirer: Gores Metropoulos II Inc.
Valuation: $2.2 billion
Some Investors: GreylockSpark Capital

Jasper Therapeutics
Date Announced: May 6, 2021
Acquirer: Amplitude Healthcare Acquisition Corp.
Valuation: N/A
Some Investors: Roche Venture FundQiming Venture Partners USA

Science 37
Date Announced: May 7, 2021
Acquirer: LifeSci Acquisition II Corp.
Valuation: $1.05 billion
Some Investors: Lux CapitalRedmile Group

Benson Hill
Date Announced: May 10, 2021
Acquirer: Star Peak Corp. II
Valuation: $2 billion
Some Investors: GVLewis & Clark Ventures

Plus
Date Announced: May 10, 2021
Acquirer: Hennessy Capital Acquisition Corp.
Valuation: $3.3 billion
Some Investors: Sequoia Capital ChinaClearVUE Partners

Better.com
Date Announced: May 11, 2021
Acquirer: Aurora Acquisition Corp.
Valuation: $7.7 billion
Some Investors: SoftBankL Catterton

Ginkgo Bioworks
Date Announced: May 11, 2021
Acquirer: Soaring Eagle Acquisition Corp.
Valuation: $17.5 billion
Some Investors: DCVCViking Global Investors

Bird
Date Announced: May 12, 2021
Acquirer: Switchback II
Valuation: $2.3 billion
Some Investors: Sequoia CapitalCraft Ventures

Bright Machines
Date Announced: May 17, 2021
Acquirer: SCVX
Valuation: $1.1 billion
Some Investors: Eclipse VenturesLux Capital

Jam City
Date Announced: May 20, 2021
Acquirer: DPCM Capital
Valuation: $1.1 billion
Some Investors: Austin VenturesNetmarble

Tritium
Date Announced: May 26, 2021
Acquirer: Soaring Eagle Acquisition Corp.
Valuation: $1.2 billion
Some Investors: Brian FlanneryGilbarco Veeder Root

Acorns
Date Announced: May 27, 2021
Acquirer: Pioneer Merger Corp.
Valuation: $2.2 billion
Some Investors: GreycroftPayPal Ventures

Wejo
Date Announced: May 28, 2021
Acquirer: Virtuoso Acquisition Corp.
Valuation: $1.1 billion
Some Investors: General MotorsDIP Capital

Babylon Health
Date Announced: June 3, 2021
Acquirer: Alkuri Global Acquisition Corp.
Valuation: $3.6 billion
Some Investors: Hoxton Ventures, Saudi Arabia’s Public Investment Fund

Dave
Date Announced: June 7, 2021
Acquirer: VPC Impact Acquisition Holdings III
Valuation: $4 billion
Some Investors: Norwest Venture PartnersVictory Park Capital

NextNav
Date Announced: June 10, 2021
Acquirer: Spartacus Acquisition Corp.
Valuation: $1.2 billion
Some Investors: New Enterprise AssociatesFortress Investment Group

Vertical Aerospace
Date Announced: June 10
Acquirer: Broadstone Acquisition Corp.
Valuation: $2.2 billion
Some Investors: N/A

Boxed
Date Announced: June 14
Acquirer: Seven Oaks Acquisition Corp.
Valuation: $887 million
Some Investors: GreycroftDST Global

Pear Therapeutics
Date Announced: June 22, 2021
Acquirer: Thimble Point Acquisition
Valuation: $1.6 billion
Some Investors: Temasek HoldingsSoftBank Vision Fund

Quanergy Systems
Date Announced: June 22, 2021
Acquirer: CITIC Capital Acquisition Corp.
Valuation: $1.1 billion
Some Investors: Motus Ventures, Rising Tide

Embark
Date Announced: June 23, 2021
Acquirer: Northern Genesis Acquisition Corp. II
Valuation: $5.2 billion
Some Investors: Tiger Global Management, Sequoia Capital

BuzzFeed
Date Announced: June 24, 2021
Acquirer: 890 Fifth Avenue Partners, Inc.
Valuation: $1.5 billion
Some Investors: Andreessen HorowitzNew Enterprise Associates

NextDoor
Date Announced: Jul 6, 2021
Acquirer: Khosla Ventures Acquisition Co. II
Valuation: $4.3 billion
Some Investors: BenchmarkKleiner Perkins

Satellogic
Date Announced: July 6, 2021
Acquirer: CF Acquisition Corp. V
Valuation: $1.1 billion
Some Investors: TencentValor Capital Group

Circle
Date Announced: July 8, 2021
Acquirer: Concord Acquisition Corp.
Valuation: $4.5 billion
Some Investors: IDG Capital, Breyer Capital

Planet
Date Announced: July 7, 2021
Acquirer: dMY Technology Group Inc. IV
Valuation: $2.8 billion
Some Investors: DCVCPrelude Ventures

Aurora
Date Announced: July 15, 2021
Acquirer: Reinvent Technology Partners
Valuation: $11 billion
Some Investors: Sequoia Capital, Greylock

HeartFlow
Date Announced: July 15, 2021
Acquirer: Longview Acquisition Corp. II
Valuation: $2.4 billion
Some Investors: Capricorn Investment GroupPanorama Point Partners

ServiceMax
Date Announced: July 15, 2021
Acquirer: Pathfinder Acquisition Corp.
Valuation: $1.4 billion
Some Investors: Emergence, Silver Lake

Kin Insurance
Date Announced:  July 19, 2021
Acquirer: Omnichannel Acquisition Corp.
Valuation: $1.03 billion
Some Investors: August CapitalCommerce Ventures

AdTheorent
Date Announced: July 27, 2021
Acquirer: MCAP Acquisition Corp.
Valuation: $775 million
Some Investors: Verizon VenturesH.I.G. Growth Partners

SWVL Technologies
Date Announced: July 28, 2021
Acquirer: Queen’s Gambit Growth Capital
Valuation: $1.5 billion
Some Investors: CareemBECO Capital

Vacasa
Date Announced: July 29, 2021
Acquirer: TPG Pace Solutions
Valuation: $4.5 billion
Some Investors: Riverwood CapitalSilver Lake

FinAccel
Date Announced: Aug. 2, 2021
Acquirer: VPC Impact Acquisition Holdings II
Valuation: $2.5 billion
Some Investors: Jungle VenturesOpenspace Ventures

Leafly
Date Announced: Aug. 9, 2021
Acquirer: Merida Merger Corp.
Valuation: $532 million
Some Investors: Growcore Investments

Greenlight Biosciences
Date Announced: Aug. 10, 2021
Acquirer: Environmental Impact Acquisition Corp.
Valuation: $1.5 billion
Some Investors: Khosla VenturesBaird Capital

Aspiration Partners
Date Announced: Aug. 18, 2021
Acquirer: InterPrivateIII Financial Partners
Valuation: $2.3 billion
Some Investors: Social Impact FinanceOrlando Bloom

Forge Global
Date Announced: Sept. 13, 2021
Acquirer: Motive Capital Corp.
Valuation: $2 billion
Some Investors: Peter ThielDraper Associates

Pagaya
Date Announced: Sept. 15, 2021
Acquirer: EJF Acquisition Corp.
Valuation: $8.5 billion
Some Investors: Viola VenturesCiti

Prenetics
Date Announced: Sept. 15, 2021
Acquirer: Artisan Acquisition Corp.
Valuation: $1.25 billion
Some Investors: Coent Venture PartnersBeyond Ventures

Gogoro
Date Announced: Sept. 16, 2021
Acquirer: Poema Global Holdings Corp.
Valuation: $2.35 billion
Some Investors: Temasek HoldingsPanasonic

Transfix
Date Announced: Sept. 21, 2021
Acquirer: G Squared Ascend I Inc.
Valuation:  $1.1 billion
Some Investors: Canvas VenturesNew Enterprise Associates

Polestar
Date Announced: Sept. 27, 2021
Acquirer: Gores Guggenheim Inc.
Valuation: $20 billion
Some Investors: Leonardo DiCaprioVolvo Cars Group

Rigetti Computing
Date Announced: Oct. 6, 2021
Acquirer: Supernova Partners Acquisition Company II
Valuation: $1.5 billion
Some Investors: Andreessen HorowitzBessemer Venture Partners

Starry
Date Announced: Oct. 7, 2021
Acquirer: FirstMark Horizon Acquisition Corp.
Valuation: $1.66 billion
Some Investors: FirstMarkKKR

SeatGeek
Date Announced: Oct. 13, 2021
Acquirer: Redball Acquisition Corp.
Valuation: $1.35 billion
Some Investors: AccelTCV

Tempo Automation
Date Announced: Oct. 14, 2021
Acquirer: ACE Convergence Acquisition Corp.
Valuation: $919 million
Some Investors: Lux CapitalUncork Capital

FaZe Clan
Date Announced: Oct. 25, 2021
Acquirer: B. Riley Principal 150 Merger Corp.
Valuation: $1 billion
Some Investors: Muse Capital, LeBron James

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