Public Markets • SPAC

Here’s Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far)

Sophia Kunthara

June 10, 2022

Sophia Kunthara @SophiaKunthara

Last year was a banner year for special-purpose acquisition companies, but this year hasn’t been nearly as active for the SPAC market.

The public markets have been rocky since the beginning of the year, and far fewer companies have made public market debuts. And many of the SPACs that went public last year ended the year trading down. Still, as of mid-June, there are around 600 SPACs hunting for targets–and facing a time crunch–and a handful of announcements of SPAC mergers have been made so far this year.

Search less. Close more.

Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.

Start Your Search

To keep track, we’ve scoured news reports and press releases to compile a list of VC-backed companies that have announced their plans to go public through a SPAC. Separately, we’ve included VC-backed companies that completed their SPAC mergers this year.

This list is compiled in chronological order based on the date the deal was announced.

SPAC mergers of VC-backed companies announced in 2022

Date announced: Jan. 17, 2022
Acquirer: GFJ ESG Acquisition I SE
Valuation: 450 million euros (roughly $514.2 million)
What it does: Smart thermostat maker
Some investors: Shortcut Ventures, Inven Capital

Date announced: Jan. 20, 2022
Acquirer: Silver Spike Acquisition Corp. II
Valuation: $446 million
What it does: Biotech company focused on psychedelics for therapy
Some investors: Palo Santo Fund

Date announced: Jan. 25, 2022
Acquirer: Sports Ventures Acquisition Corp.
Valuation: $1.7 billion
What it does: Visual effects for movies and TV
Some investors: Arbor Ventures, Novator Partners

Akili Interactive

Date announced: Jan. 26, 2022
Acquirer: Social Capital Suvretta Holdings I
Valuation: $1 billion
What it does: Cognitive therapeutics and diagnostics
Some investors: DG Ventures, Silicon Valley Bank

Date announced: Jan. 27, 2022
Acquirer: Breeze Holdings
Valuation: $1.4 billion
What it does: Deploys, moves and removes satellites
Some investors: Seraphim Capital, Green Arrow Capital

Date announced: Feb. 1, 2022
Acquirer: AngelPond
What it does: Open-source database for cloud management
Valuation: $672 million
Some investors: Intel Capital, Alibaba

D-Wave Systems

Date announced: Feb. 8, 2022
Acquirer: DPCM Capital
What it does: Quantum computing
Valuation: $1.6 billion
Some investors: BDC Venture Capital, Goldman Sachs

Date announced: Feb. 14, 2022
Acquirer: Software Acquisition Group Inc III
What it does: E-commerce services
Valuation: $646 million

Date announced: March 3, 2022
Acquirer: Provident Acquisition Corp.
What it does: Software for beauty and cosmetics companies
Valuation: $1 billion

Date announced: March 8, 2022
Acquirer: ACMI Acquisition Corp. II
What it does: Carbon recycling technology
Valuation: $1.8 billion

Date announced: March 8, 2022
Acquirer: Endurance Acquisition Corp.
What it does: Satellite communications company
Valuation: $813 million

Westrock Coffee

Date announced: April 4, 2022
Acquirer: Riverview Acquisition Corp.
What it does: Private label coffee company
Valuation: $1.1 billion

Iconiq Motors

Date announced: April 19, 2022
Acquirer: East Stone Acquisition Corporation
What it does: Electric vehicle development
Valuation: $2.5 billion

Date announced: April 18, 2022
Acquirer: I2PO
What it does: Music streaming company
Valuation: $1.1 billion

Date announced: May 2, 2022
Acquirer: Mountain Crest Acquisition Corp. IV
What it does: Electric vehicle manufacturing
Valuation: $1.7 billion

Date announced: May 9, 2022
Acquirer: Tiga Acquisition Corp.
What it does: Dating app for the LGBTQ+ community
Valuation: $2.1 billion

Prosomnus Sleep Technologies

Date announced: May 10, 2022
Acquirer: Lakeshore Acquisition I Corp.
What it does: Sleep apnea device maker
Valuation: $168 million

Date announced: May 12, 2022
Acquirer: Kensington Capital Acquisition Corp. IV
What it does: Lithium battery tech
Valuation: $1.3 billion

DragonFly Energy

Date announced: May 16, 2022
Acquirer: Chardan NexTech Acquisition 2 Corp.
What it does: Lithium battery manufacturing
Valuation: $500 million

Date announced: May 17 2022
Acquirer: EdtechX Holdings Acquisition Corp. II
What it does: VR-enabled learning
Valuation: $195 million

Date announced: May 18, 2022
Acquirer: Tuscan Holdings Corp. II
What it does: Private plane operations
Valuation: $1.42 billion

Date announced: May 26, 2022
Acquirer: Cova Acquisition Corp.
What it does: Smart car technology
Valuation: $3.8 billion

Date announced: May 31, 2022
Acquirer: Gesher I Acquisition Corp.
What it does: Freight booking platform
Valuation: $435 million

Date announced: June 1, 2022
Acquirer: Americas Technology Acquisition Corp.
What it does: Mass mobility company
Valuation: $208 million

Completed SPAC mergers of VC-backed companies in 2022

Data according to SPACTrack

Date Completed: Jan. 5, 2022
Acquirer: VPC Impact Acquisition Holdings III, Inc
What it does: Banking app

Revelation Biosciences

Date Completed: Jan. 11, 2022
Acquirer: Petra Acquisition Inc.
What it does: Immunologic therapeutics and diagnostics

Date Completed: Jan. 13, 2022
Acquirer: Decarbonation Plus Acquisition Corporation II
What it does: EV charging

Core Scientific

Date Completed: Jan. 20, 2022
Acquirer: Power and Digital Infrastructure Acquisition Corp.
What it does: Transaction processing and app development

Date Completed: Jan. 25, 2022
Acquirer: CF Acquisition Corp. V
What it does: Satellite data company

Greenlight Biosciences

Date Completed: Feb. 2, 2022
Acquirer: Environmental Impact Acquisition Corp.
What it does: Biotech company for RNA research for human and planet health

Date Completed: Feb. 2, 2022
Acquirer: Ivanhoe Capital Acquisition Corp.
What it does: EV battery maker

Fast Radius

Date Completed: Feb. 4, 2022
Acquirer: ECP Environmental Growth Opportunities Corp.
What it does: Manufacturing solutions

Date Completed: Feb. 4, 2022
Acquirer: Merida Merger Corp. I
What it does: Cannabis marketplace

Cepton Technologies

Date Completed: Feb. 10, 2022
Acquirer: Growth Capital Acquisition Corp.
What it does: Lidar technology

Date Completed: Feb. 15, 2022
Acquirer: Thayer Ventures
What it does: Luxury travel service

Rigetti Computing

Date Completed: March 2, 2022
Acquirer: Supernova Partners Acquisition Co. II
What it does: Quantum computing

PropertyGuru

Date Completed: March 18, 2022
Acquirer: Bridgetown 2 Holdings Ltd.
What it does: Real estate website for buyers and sellers

Forge Global

Date Completed: March 21, 2022
Acquirer: Motive Capital Corp.
What it does: Private securities marketplace

Terran Orbital

Date Completed: March 25, 2022
Acquirer: Tailwind Two Acquisition Corp.
What it does: Satellite provider

Date Completed: March 29, 2022
Acquirer: FirstMark Horizon Acquisition Corp.
What it does: Internet service company

SWVL Technologies

Date Completed: March 31, 2022
Acquirer: Queen’s Gambit Growth Capital
What it does: App-based transportation booking company

Date Completed: April 4, 2022
Acquirer: Poema Global Holdings Corp.
What it does: Electric scooters

Date Completed: April 27, 2022
Acquirer: Archimedes Tech SPAC Partners
What it does: Voice-enabled artificial intelligence technology

NuScale Power

Date Completed: May 2, 2022
Acquirer: Spring Valley Acquisition Corp.
What it does: Energy technology

Date Completed: May 18, 2022
Acquirer: Artisan Acquisition Corp.
What it does: Genetic and diagnostic health testing

Senti Biosciences

Date Completed: June 9, 2022
Acquirer: Dynamics Special Purpose Corp.
What it does: Cancer therapy

Note: This list isn’t necessarily exhaustive, so please drop me a note at sophiak@crunchbase.com if I’ve missed any companies.

Illustration: Dom Guzman

Tagsemerging-unicorn

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.