Proptech startup States Title, now Doma, going public via SPAC in $3B deal â€“ TechCrunch
Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt. When it floats later this year, Doma will trade on the New York Stock Exchange under the ticker symbol DOMA. ResultsThe company posted modest growth from 2019 to 2020, seeing its GAAP revenues rise from $358.1 million to $409.8 million. The SPAC paradeDoma joins the growing number of proptech companies going the public route. Porch.com also went public in a SPAC deal in December.