Google and Koch Strategic Platforms are among the investors in a $200m private placement supporting the geographic data provider's reverse merger.
Planet Labs, the US-based orbital data provider backed by media company O’Reilly, agreed a reverse takeover with special purpose acquisition company DMY Technology Group IV yesterday.
The deal will be supported by $200m in private investment in public equity (PIPE) financing led by funds and accounts managed by BlackRock and backed by Koch Strategic Platforms – part of chemical and industrial group Koch – as well as internet technology provider Google and VC firm Time Ventures.
The PIPE values the…
