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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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List of Softbank's 11 biggest healthcare investments


What it does:10x Genomics makes software for researchers to perform single cell and whole genome sequencing. Its software can be used for immunotherapy and cell therapy research in cancer patients or patients with rare genetic disorders. The Silicon Valley-based company was founded by Serge Saxonov, formerly the founding director of research at consumer genetics company 23andMe. 
Deal details: SoftBank participated in the company s $125 million Series D funding round in 2018 that valued the company at $1.25 billion. It went public in September 2019 and was valued above $3.6 billion in its debut. SoftBank is no longer invested in 10x Genomics.
Other investors: Venrock, Fidelity International, Foresight Capital Management, and Paladin Capital Group ....

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