SPACs in March

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

• Read our take on a looming SPAC bubble.
• SPACs in February
• SPACs in January
• A review of why SPACs are advantageous