Cleantech company Tipa considering SPAC merger at over $500 million valuation
The Israeli company, which develops compostable flexible packaging, raised funds at a $120 million valuation just four months ago
Israeli cleantech company, Tipa, which develops compostable flexible packaging, is considering going public via a SPAC merger at a valuation of more than $500 million. Calcalist has learned that the company has received merger offers valuing the company at between $500-$600 million, significantly higher than its $120 million valuation in its most recent funding round this past February.Tipa CEO Daphna Nissenbaum told Calcalist that the company is planning on embarking on a private funding round in the near future and is currently not considering merging with a SPAC. fintech company Pagaya Investment is in negotiations to enter Wall Street via a SPAC merger at a valuation of $8 billion. The company is also considering a traditional IPO. Other Israeli companies who are already in the process of going public via a SPAC, include ironSource, eToro, StoreDot and Cellebrite.