Tio Tech Spac News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Tio tech spac. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Tio Tech Spac Today - Breaking & Trending Today
HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts Tio Tech Dominik Richter, CEO and founder of HelloFresh, and venture capital investor Roman Kirsch have raised $300 million for a blank-check company to reverse-merge with European tech companies. Richter, who floated the Berlin-based meal-kit delivery company on the Frankfurt Stock Exchange in 2017, said the Tio Tech Spac would be focused on acquiring consumer tech, Fintech, SaaS, or media companies. A merger with a blank-company could offer founders access to much-needed late-stage capital capital without the regulatory hoops involved in an initial public offering, said Richter. “I think what has become clear to us that it s become a very viable alternative for late-stage growth companies to go public,” said Richter. “If you look at the traditional IPO process and I think it’s extremely time consuming and I know that from my experience at HelloFresh.it distracts you from running the ....