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SPACs in March

SPACs in March
March 25, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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We thought 2020 would be the year of the SPAC, but 2021 is shaping up to overtake 2020 in terms of the number of SPAC launches and mergers into SPACs. As we near the end of March, we recap major SPAC announcements this month.

🚀 Rocket Lab: Private space-rocket launch startup.
Acquirer: Vector Acquisition Corp. 

Valuation: Undisclosed

☁︎ QOMPLEX: Cloud-native risk-analytics company. 
Acquirer: Tailwind Acquisition Corp

Valuation: $1.4BN

🏠 Doma: Tech startup that leverages machine intelligence technologies to remove friction in residential real estate.
Acquirer: Capitol Investment Corp. V

Valuation: $3BN

🏠 Hippo Insurance: Provider of home insurance services designed to offer smart and more modern coverage for homeowners.
Acquirer: Reinvent Technology Partners Z

Valuation: $5BN

📶 Airspan Networks: Provider of software and hardware for 5G solutions.
Acquirer: New Beginnings Acquisition Corp.

Valuation: Undisclosed

💻 IonQ: A quantum computing startup using ion trap technology.
Acquirer: dMY Technology Group Inc III

Valuation: $2BN

🔐 Evolv Technology: Developer of an AI-enabled touch-less security screening system that uses digital sensors and artificial intelligence to detect threats.
Acquirer: NewHold Investment Corp. 

Valuation: $1.7BN

🏠 Offerpad: Real estate startup pioneering a technology-driven method of selling homes.
Acquirer: Supernova Partners Acquisition Company

Valuation: $3BN

⚙️ Rockley Photonics: Chip and sensor maker.
Acquirer: SC Health
Valuation: $1.2BN

🚀 Velo3D: 3D printing company specializing in the production of components for space rockets and jet engines.
Acquirer: JAWS Spitfire Acquisition Corp 

Valuation: $1.6BN

In other SPAC news

Robinhood files for IPO
Despite meme stock troubles, Robinhood moves ahead with SEC filing. 
[Read More]
WeWork woos SPAC deal
Despite losing $3.2BN last year admidst COVID-19 shuttering co-working spaces, WeWork has managed to narrow its losses in the past 2 quarters and hopes to woo a SPAC investor with those better numbers. 
[Read More]
Since last week, PrivCo has added:
282 Companies | 197 Funding Activities | 96 M&A Deals

Funding & Deal Highlights:

Momenta raised $500MM led by SAIC Motor, Toyota Motors, and Robert Bosch 
Autonomous Vehicles Software & Internet Services • Round C • Beijing, China

Dataminr raises $475MM
Big Data Software & Internet Services • Round F • New York, NY

Secureframe raises $18MM led by Kleiner Perkins
Cyber Security Software & Internet Services • Round A • San Francisco, CA

Shelf Engine raises $41MM led by General Catalyst Partners
Retail Software & Internet Services • Round B • Seattle, WA

Ozone Networks raises $23MM led by Andreessen Horowitz
Cryptocurrency Software & Internet Services • Round A • New York, NY

Edge Pathways raises $8MM led by Emerge Education, First Round Capital, and Rethink Education
Education Services • Seed • New York, NY

Atkis Oncology raises $72MM led by EcoR1 Capital, MPM Capital, and Vida Ventures
Biotechnology • Round A  • Cambridge, MA

Even Health raises $1.5MM
Pharmaceuticals • Seed • Denver, CO

ZwitterCo raises $5.9MM led by Mann+Hummel Group
Utilities • Seed • Cambridge, MA

Gravie Agency raises $28MM led by AXA Venture Partners
Health Care Products • Round D • Minneapolis, MN

Fort Robotics raises $13MM led by Prime Movers Lab
Automation Software & Internet Services • Round A • Philadelphia, PA

3DFortify raises $20MM led by Cota Capital
3D Printing Technology Services • Round B • Charlestown, MA

Oso Security raises $8.2MM led by Sequoia Capital
Security Software & Internet Services • Round A • New York, NY

Asteya raises $10MM
Health Care Software & Internet Services • Seed • Miami, FL

Visage Jobs raises $7MM
Human Resources Software & Internet Services • Round A • San Francisco, CA

Curi Bio raises $6MM
Biotechnology • Round A • Seattle, WA

Great Hill Partners invests $150MM into Jumio Corporation
Technology Services • Growth Capital • Palo Alto, CA

Automotive Keys Group acquires Midwest Keyless
Automotive & Consumer Vehicle Retail • Acquisition •  Spring Grove, IL

Crescendo Capital Partners acquires Blair-Duron Restoration
Building Products • Acquisition • Garner, NC

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