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 companyΒ 23AndMeΒ and online real estate buying platformΒ 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, perΒ CNBC
Some Investors:Β Third Point Ventures,Β SoftBank

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

Bakkt
Date Announced: Jan. 11, 2021
Acquirer: VPC Impact Acquisition Holdings
Valuation: $2.1 billion
Some Investors:Β Goldfinch Partners,Β M12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Xos
Date Announced: Feb. 22, 2021
Acquirer: NextGen Acquisition Corp.
Valuation: $2 billion
Some Investors:Β Build Capital Group,Β Proeza VenturesΒ 

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

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

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

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

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

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

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

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

IonQ
Date Announced: March 8, 2021
Acquirer: dMY Technology Group Inc. III
Valuation: $2 billion
Some Investors:Β GV,Β New Enterprise AssociatesΒ 

Evolv Technology
Date Announced: March 8, 2021
Acquirer: NewHold Investment Corp.
Valuation: $1.25 billion
Some Investors:Β Stanley Ventures,Β Lux 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:Β ForgePoint Capital,Β C5 Capital

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

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

IronSourceΒ 
Date Announced: March 21, 2021
Acquirer: Thoma Bravo Advantage
Valuation: $11.1 billion
Some Investors:Β Viola Ventures,Β Access Industries

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

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

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

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

Lilium
Date Announced: March 30, 2021
Acquirer: Qell Acquisition Corp.
Valuation: $3.3 billion
Some Investors:Β Tencent Holdings,Β Freigeist 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:Β Casdin Capital,Β Boxer Capital

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NextNav
Date Announced: June 10, 2021
Acquirer: Spartacus Acquisition Corp.
Valuation: $1.2 billion
Some Investors:Β New Enterprise Associates,Β Fortress 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:Β Greycroft,Β DST Global

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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