Rover went public via a SPAC merger with True Wind Capital-backed Nebula Caravel Acquisition in a $1.35bn deal.

Rover, an online pet care marketplace that connects pet parents with pet sitters and dog walkers, went public via a SPAC merger with True Wind Capital-backed Nebula Caravel Acquisition, a special purpose acquisition company, in a $1.35bn deal. Upon closing of the transaction, Caravel was renamed Rover Group and was Nasdaq-listed under the ticker symbol “ROVR”. “Partnering with the True Wind team represents a unique opportunity to bring the unconditional love of pets to more people. A public listing will provide the capital to accelerate the expansion of core service offerings, support other pet types, and continue to grow our geographic footprint," Aaron Easterly, Rover Co-Founder and CEO.