{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/wejo-to-go-public-deal-values-auto-data-startup-at-800-million/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Wejo To Go Public, Deal Values Auto Data Startup At $800 Million","slug":"wejo-to-go-public-deal-values-auto-data-startup-at-800-million","createdLocal":"2021-05-30 14:30:52.078960","publishDate":"None","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://www.carandbike.com/news/wejo-to-go-public-deal-values-auto-data-startup-at-800-million-2452458"},"postSummary":{"childMarkdownRemark":{"html":"<p>The deal will raise $330 million in proceeds for Wejo, the companies said.\nThat includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE).\n1 U.S. automaker GM, which previously invested in Wejo, as well as data management company Palantir Technologies Inc, which billionaire Peter Thiel co-founded, Wejo and Virtuoso said.\nThe $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value.\nOn Feb. 1, Wejo's Israeli rival Otonomo said it would go public in a SPAC merger with Software Acquisition Group Inc II.</p>"}}}},"pageContext":{"slug":"wejo-to-go-public-deal-values-auto-data-startup-at-800-million"}}}