Sonder Lowers Valuation to $1.9 Billion as Market Conditions Change – Skift

Sonder revenues are rising while its losses are widening, even as SPAC deals are coming under additional pressure.

“With this incremental investment, we will have ~$530M of capital at closing, in addition to up to $450M proceeds from the SPAC trust, which provides for a fully funded business plan upon closing,” the SPAC said in a letter to Sonder team.

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