The Lennar-backed accommodation provider will take a Nasdaq listing having previously raised $530m, and was valued at $1.3bn as of June 2020.

Sonder, a US-based hospitality services provider backed by homebuilder Lennar, agreed on Friday to a reverse takeover with special purpose acquisition company Gores Metropoulos II at a pro forma enterprise value of $2.2bn. The merged business will take the position on the Nasdaq Capital Market acquired by Gores Metropoulos II, sponsored by affiliates of investment…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.