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Luxury Short-Term Rental Unicorn Sonder Will Go Public With SPAC

The news outlet said the deal would value the combined company at about $2.2 billion, a slight decrease from the more than $2.5 billion valuation expected a month ago. Sonder itself is already a unicorn with a $1.3 billion valuation as of its $170 million Series E round in June 2020.
Sonder, founded as “Flatbook” by Francis Davidson and Lucas Pellan in 2012, leases apartments or entire buildings from landlords, spruces them up and rents out units over flexible timelines, anywhere from one night to two years. It provides hotel-like amenities along with service from staff reachable by text 24 hours a day, according to its website. ....

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Luxury Short-Term Rental Unicorn Sonder in Merger Talks With SPAC

Citing people familiar with the matter, the news outlet said the deal would value the combined company at more than $2.5 billion. Sonder itself is already a unicorn with a $1.3 billion valuation as of its $170 million Series E round in June 2020.
Sonder, founded as “Flatbook” by Francis Davidson and Lucas Pellan in 2012, leases apartments or entire buildings from landlords, spruces them up and rents out units over flexible timelines, anywhere from one night to two years. It provides hotel-like amenities along with service from staff reachable by text 24 hours a day, according to its website.
San Francisco-based Sonder operates in more than 30 cities in eight countries, has more than 4,500 listings worldwide, and has had more than 1 million guests, according to the site. ....

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AlleyWatch - Page 2 of 952 - The Pulse of New York Tech

AlleyWatch - Page 2 of 952 - The Pulse of New York Tech
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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Why Procore's IPO is back on, View's foggy Nasdaq debut

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Why Procore’s IPO is back on, View’s foggy Nasdaq debut
Plus, VTS’ $100M bet on return-to-office
National /
TRD Staff
Ten months later, the public offering appears to be back on the table.
Bolstered by a housing boom and uptick in construction, Procore filed an updated S-1 registration statement on March 2. In the filing, the company said its revenue grew 38.4 percent last year to $400.3 million.
Its customer base is also on the upswing: Procore had 10,166 customers as of Dec. 31, 2020, up 20 percent from the year prior. ....

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Greensoil PropTech Ventures secures around half of $100 million USD target for Fund II

Greensoil PropTech Ventures secures around half of $100 million USD target for Fund II
betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.

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