Announced
Completed
Financials
Tags
Single Bidder
Friendly
Domestic
United States
Majority
Private
Acquisition
De-SPAC
Merger
Reverse Takeover
Software
Private Equity
Venture Capital
application software
Completed
Synopsis
Wag Labs, a developer of a dog walking mobile application, went public via a SPAC merger with CHW Acquisition in a $350m deal. Equity investors include Battery Ventures, ACME Capital, General Catalyst and Tenaya Capital. “Our announcement today represents a significant milestone in our journey to build the leading premium wellness and services platform for pets. We are transforming the fragmented and largely offline pet wellness and services industries through our vertically integrated mobile-first technology platform. This deal will provide us with the funds to further fuel our growth, and I am excited to be partnering with the CHW team to accelerate our strategic initiatives and consolidate pet wellness and services as we strive to become the leader in this space," Garrett Smallwood, Wag CEO.
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