Matterport inks $2.9B SPAC deal
February 9, 2021- Share:
Matterport has agreed to go public via a merger with Gores Holdings VI, a blank-check company backed by The Gores Group founder Alec Gores. The deal is expected to value the combined company at about $2.9 billion and include up to $640 million in proceeds, including $345 million from Gores Holdings VI and $295 million from a PIPE deal. Bay Area-based Matterport makes 3D cameras for virtual real estate tours and has seen demand for its products spike during the pandemic, Reuters reported. The company is backed by investors including Qualcomm Ventures, Luminari Capital and iRobot Ventures.
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