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Data intelligence startup Near, with 1.6B anonymized user IDs, lists on Nasdaq via SPAC at a $1B market cap; raises $100M



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The IPO window has all but closed for technology companies in the wake of a massive downturn in the market, but an opening still remains for some, in the form of SPACs. Near — a data intelligence company that has amassed 1.6 billion anonymized user profiles attached to 70 million locations in 44 countries — today announced that it would be listing on Nasdaq by way of a merger with KludeIn I Acquisition Corp., one of the many blank check companies that have been set up for the purposes of taking privately held companies public, at a valuation “near” $1 billion. It will trade on Nasdaq using the “NIR” ticker.
Alongside that, the company is picking up a $100 million equity investment into its business from CF Principal Investments, an affiliate of …

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