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Caravel followed Nebula Acquisition Corporation's successful merger with Open Lending (NASDAQ: LPRO) in June 2020. Greene, Jr., who served as Chief Executive Officer and Chairman, respectively, formed for the purpose of partnering with one high-quality technology business. Nebula Caravel Acquisition Corp ("Caravel") was a blank check company sponsored by True Wind and led by Adam H. Rover is True Wind's 8th platform investment. True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware. True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies. Rover connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, drop-in visits, and grooming. For more information please visit .įounded in 2011 and based in Seattle, Rover is the world’s largest online marketplace for pet care. Rover plans to release its second quarter 2021 earnings after the market closes on August 9, 2021. “We have a great deal of confidence in Rover’s business model and strategy and I look forward to serving as a member of the company’s Board of Directors.” “We are thrilled to have worked alongside Aaron and the rest of the Rover team in support of their debut to the public market,” said Adam Clammer, CEO of Caravel and Founding Partner of True Wind Capital. “This is the beginning of what we believe could be a great period of value creation for Rover as we continue working to make it easier for pet parents around the world to connect with loving pet care.” “I’m incredibly proud of our team for achieving this milestone, and grateful to all the pet care providers who’ve joined us on our mission to make it possible for everyone to experience the unconditional love of a pet,” said Rover CEO, Aaron Easterly. (Nasdaq: NEBC) (“Caravel”), a special purpose acquisition company sponsored by True Wind Capital.įounder Aaron Easterly will continue leading as Rover’s CEO, and Adam Clammer, Caravel CEO and Founding Partner of True Wind Capital, will join Rover’s Board of Directors. This follows the completion of Rover’s previously announced business combination with Nebula Caravel Acquisition Corp. Rover’s common stock and warrants will trade under the ticker symbols “ROVR” and “ROVRW”, respectively. (Nasdaq: ROVR) (“Rover”), the world’s largest online marketplace for pet care, today begins trading on The Nasdaq Global Select Market. 02, 2021 (GLOBE NEWSWIRE) - Rover Group, Inc. Rover received approximately $270 million in gross proceeds, net of redemptions Rover is the leading online marketplace for pet care, with more than 500,000 pet care providers across North America and Europe Rover begins trading on Nasdaq under the ticker “ROVR” after completing its business combination with Nebula Caravel Acquisition Corp.
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