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Arch Venture Partners And General Catalyst Team Up On A Spac

by businessinsider.com posted 1month ago 25 views
Summary List PlacementArch Venture Partners and General Catalyst — two of the hottest investors in the healthcare and tech sectors — have teamed up to make waves in mental health and virtual healthcare. The two organizations have launched a new special purpose acquisition company, or SPAC, named Revolution Healthcare Acquisition Corp., according to documents filed with the SEC late Monday. The initial goal is to raise $500 million in an IPO. With those funds in hand, Revolution Healthcare Acquisition Corp. would acquire one or more companies and flip into a publicly traded firm.

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