Wejo went public via a SPAC merger with Virtuoso Acquisition in an $800m deal.

Wejo, a connected vehicle data company, went public via a SPAC merger with Virtuoso Acquisition, a special purposes acquisition company, in an $800m deal, including debt. The deal included a $230m cash contribution from Virtuoso and a $100m fully committed PIPE from Palantir Technologies, a software company, and General Motors. "This is a monumental day for Wejo and the passionate members of our team who have remained steadfastly committed to our mission of utilizing data for good by solving critical mobility challenges. The closing of our merger with Virtuoso and public market listing provides us with the platform to continue to grow our relationships with OEMs and Tier 1 partners and customers, while expanding into new marketplaces, including fleet management services, end-to-end insurance, remote diagnostics, roadside assistance, car sharing, and payments," Richard Barlow, Wejo CEO.