Palantir Technologies Inc (NYSE: PLTR) is one of the most well-known publicly traded companies. The data analytics company is increasing its investments in the SPAC space, which caught the attention of Barron’s recently.
Palantir’s SPAC Investments: Barron’s reports Palantir has invested in 10 SPACs according to a recent disclosure and has made additional investments since then. The company has also partnered with some other SPACs and de-SPACd companies.
Here is a look at the SPACs Palantir has invested in or partnered.
1. Kredivo: This leading digital consumer credit platform in Southeast Asia is going public with VPC Impact Acquisition Holdings II (NASDAQ: VPCB). The SPAC merger values the company at $2 billion. Palantir was among the investors as part of a $120 million PIPE.
Kredivo is the largest and fastest-growing "buy now, pay later" companies in Indonesia. The company has more than four million customers and is going public to continue its growth in the fast-growing e-commerce segment in Southeast Asia.
2. AdTheorent: Palantir invested in a PIPE on the SPAC deal with MCAP Acquisition Corp (NASDAQ: MACQ) that values AdTheorent at $775 million.
AdTheorent uses machine learning as a programmatic digital advertising company, offering customers specific business outcomes.
“We’re extremely excited about Palantir’s investment and their belief in our long-term vision for our business,” AdTheorent CEO Jim Lawson told Benzinga in an interview on “SPACs Attack” recently.
A partnership between the two companies will help make data more efficient for customers. Partnering with Palantir can help identify data insights quickly and find relationships between data, Lawson said.
3. Fast Radius: Palantir, Goldman Sachs (NYSE: GS) and United Parcel Service, Inc. (NYSE: UPS) were among the investors in a $100 million PIPE for the SPAC merger between Fast Radius and ECP Environmental Growth Opportunts Corp (NASDAQ: ENNV). The merger values Fast Radius at $1.4 billion.
Fast Radius designs and makes physical products for customers using proprietary software. The company is seeking to lead the way as the first cloud manufacturing digital supply chain company in the Industry 4.0 market. Fast Radius has worked with more than 2,000 customers including 45 Fortune 500 companies.
Related Link: Palantir's Unusual Investments In SPACs And Gold: What You Need To Know
4. Wejo: Virtuoso Acquisition Corp (NASDAQ:
Related tickers: VPCB, MSFT, ROT, GM, DCRN, GS, KURI, PEP, CELU, UPS, MACQ, SFTW, PLTR, QELL, SVOK, VOSO, MAAC, THMA, ENNV.
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