Matterport $2.9B SPAC Announcement Marks Navitas' 2nd Billion Dollar Plus Portfolio Company Public Valuation Since December

LOS ANGELES, Feb. 11, 2021 /PRNewswire/ -- Navitas Capital announced today that its portfolio company, Matterport, will be going public following a merger with Gores Holdings VI at a valuation of $2.9 billion.  Navitas first invested in Matterport's seed round after meeting the team at Y-Combinator, the Silicon Valley accelerator in 2011.  Following its initial investment, Navitas continued to invest in each following round up to today's announcement.  Navitas' Matterport investment came after investing in Matterport's Y-Combinator classmate, PlanGrid, a leader in construction management software acquired by Autodesk for $875M in December 2018.