Symbotic Becomes a Public Company via Merger with SVF Investment Corp. 3 (SoftBank-Sponsored)

June 7, 2022

Symbotic completed a business combination that took the company public, merging with SVF Investment Corp. 3 (a SoftBank Investment Advisers-sponsored SPAC). The transaction provided Symbotic with additional growth capital, including committed funding from SoftBank Vision Fund 2 and participation from Walmart, and positioned Symbotic to accelerate growth and expand into new verticals and geographies.

Buyers
Symbotic Inc. (combined company), SoftBank Investment Advisers (affiliate via SVF Investment Corp. 3 and SoftBank Vision Funds), Walmart (PIPE/forward purchase participation), SVF Investment Corp. 3 (SPAC)
Targets
Symbotic LLC, SVF Investment Corp. 3
Industry
Cloud & SaaS
Location
Massachusetts, United States
Transaction Type
Growth capital

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.