Real estate tech company Matterport is being taken public via a special purpose acquisition company by Gores Holdings VI in a $2.9 billion deal.
Gores Holdings VI is a $345 million SPAC and is the seventh vehicle sponsored by an affiliate of The Gores Group, a global investment firm founded in 1987 by Alec Gores.
Founded in 2011, Matterport's platform turns physical space into 3D digital presentations. The company monetizes its data primarily under a recurring revenue Software as a Services model and grew its subscriber base by more than 500% in 2020. It has more than 250,000 subscribers in 150 countries.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
