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
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