The Briefing: Taboola To Go Public Via SPAC, Clubhouse Raises New Round, And More

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Taboola to spell nationalist via SPAC

Taboola, the contented proposal motor good known for moving links astatine the bottommost of publishers’ pages, announced plans to spell nationalist connected the New York Stock Exchange done a merger with a peculiar intent acquisition company, oregon SPAC.

The New York-based institution plans to merge with a SPAC called ION Acquisition Corp., with the woody expected to adjacent successful the 2nd quarter.  The combined institution volition run nether the Taboola sanction and volition commercialized nether the caller awesome TBLA.

Founded successful 2007, Taboola has raised $160 cardinal successful known task backing to date, per Crunchbase data. Under presumption of the planned merger, the institution volition person an archetypal valuation of astir $2.6 billion.

Funding rounds

  • Clubhouse raises caller funding: Clubhouse Voice, the societal app for radical chats, said it has raised a caller backing circular of  an undisclosed size with anterior backer Andreessen Horowitz arsenic pb investor.
  • Wolt nabs $530M for deliveries: Helsinki-based Wolt, a transportation app champion known for edifice orders, has raised $530 cardinal successful a caller backing circular led by ICONIQ Growth arsenic it works to grow to different transportation categories.

 

Illustration: Dom Guzman

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