Chamath Palihapitiya's SPAC for Sunlight Financial is another sign of a renewables boom – TechCrunch
The investment, alongside Coatue, Franklin Templeton and BlackRock, will value the lender at $1.3 billion. A healthy figure, but one that’s not astronomical, especially given the $705 million in financing that Sunlight Financial has raised over its history, according to Crunchbase. As Alex Wilhelm noted earlier today, Sunlight Financial would have likely tapped public markets sooner or later, given a pretty solid financial performance — even during the pandemic: Looking at the numbers, it’s somewhat clear that the company could have gone public in a year or two; another year’s growth,...