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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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Sequoia Capital is a big VC winner in Stripe

Sequoia Capital is a big VC winner in Stripe
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