ServiceMax promises accelerating growth as key to $1.4B SPAC deal

ServiceMax promises accelerating growth as key to $1.4B SPAC deal

ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC, in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out in late 2018. The company […] …

Industrial automation startup Bright Machines takes $435M by going public through SPAC

Industrial automation startup Bright Machines takes $435M by going public through SPAC

After the deal is consummated, the startup will sport an awaited equity evaluation of $1.6 billion. The Bright Machines news indicates that the fantastic SPAC chill was not a deep freeze. Brilliant Devices is trying to fix a difficult issue associated to industrial automation by creating microfactories., a large quantity of money for a young startup, however the company has a bold vision and such a vision takes extensive funding.

Beyond the fanfare and SEC cautions, SPACs are here to remain

Beyond the fanfare and SEC cautions, SPACs are here to remain

Can SPACs still resolve the financing issue for capital-intensive, deep tech start-ups? And will they end up being a long-term financing option? The number of SPACs in the deep tech sector was skyrocketing, but a mix of increased SEC analysis and market forces over the previous couple of weeks has actually slowed the pace of brand-new SPAC deals. As the co-founder of a quantum computing software application startup who worked in monetary markets for 2 years, I ‘d like to provide my viewpoint on 2 concerns that I believe my peers care more about: Can SPACs still fix the financing problem for capital-intensive, deep tech start-ups? SPACs have developed a limitless well of capital that deep tech start-ups are diving into. Prior to SPACs, any startup that wanted to stay independent had to stumble from one round of VC financing to the next.

The SPAC boom isn’t simply here to stay, it’s changing consumer tech

The SPAC boom isn’t simply here to stay, it’s changing consumer tech

The SPAC path is a match made in paradise for customer tech business: SPACs put more of a focus on the management group and the vision than standard IPOs, which is an advantage for such firms. For the right consumer innovation companies– for which the story is often just as, if not more, crucial than the monetary figures– a SPAC offer provides a more direct access to public capital. Looking ahead, the savviest financiers in SPACs will be paying close attention to direct-to-consumer technology, but not in the standard, minimal sense of D2C. Despite the speculation, naysaying and “bubble” talk, SPACs have been around for decades and aren’t going to vanish in a flash. In numerous methods, the SPAC design is really similar to the way consumer innovation has established: It encourages disturbance of recognized constructs.

AvePoint to go public by means of SPAC valued at $2B

AvePoint to go public by means of SPAC valued at $2B

AvePoint, a company that gives business using Microsoft Office 365, SharePoint and Teams a control layer on top of these tools, revealed today that it would be going public via a SPAC merger with Peak Technology Acquisition Corporation in a deal that values AvePoint at around $2 billion. The acquisition unites some effective technology […] Under the terms of the deal, Pinnacle’s balance of $352 million plus a $140 million extra private investment will be handed over to AvePoint. Once transaction fees and other factors to consider are paid for, AvePoint is expected to have $252 million on its balance sheet. AvePoint was established in 2001 as a company to help ease the intricacy of SharePoint installations, which at the time were all on-premise. …

Entrepreneurship and investing as social great

Entrepreneurship and investing as social great

Democratized access to startups yields more opportunity for investors to find endeavors that align with their values while diversifying their profiles can provide significant outcomes. For start-ups of all sizes, equalized access to financiers will accelerate the usage of capital for social great. These avenues have actually opened brand-new doors for financiers and startups. In spite of this, investing in start-ups, no matter how excellent their intentions, can scare financiers. Democratized access to startups yields more chance for financiers to find endeavors that line up with their values while diversifying their profiles can supply significant results. …

Bonus Crunch Friday roundup: Edtech funding rises, Poland VC survey, inside Shift’s SPAC plan, more

Bonus Crunch Friday roundup: Edtech funding rises, Poland VC survey, inside Shift’s SPAC plan, more

A look back at Bonus Crunch’s top stories over the last few days. Francisco, but I work an East Coast schedule to get a dive on the news day. This is not to boast: I have a desk job and a working air filter. Senior Editor!.?.!@yourprotagonist!.?.! Image Credits: Nigel Sussman(opens in a new window) In a two-part series that ran on TechCrunch and Extra Additional, former media columnist Eric Peckham returned to share his analysis of Unity Software application’s S-1 filing….