Kleiner Perkins' chairman is investing in another green tech company.
In addition to Doerr's investment, Complete Solaria has raised $14.2 million in bridge funding from its chairman, T.J. Rodgers; $3.5 million from Freedom's sponsors and $2 million from other investors. Doerr and Rodgers are both longtime backers of green technology companies.
Freedom is a New York-based blank-check company led by Tidjane Thiam, the former CEO of Credit Suisse. It raised about $345 million two years ago in an initial public offering and from other fundraising activities. Complete Solaria projects it will receive about $376 million in proceeds from the merger, if none of Freedom's shareholders ask for refunds. But that's an unlikely prospect. On average, investors holding 85% to 95% of the shares of such special purpose acquisition companies have redeemed them for cash ahead of the entities' mergers.
Following its combination, Complete Solaria expects it will be valued at about $888 million. It plans to list its shares on the New York Stock Exchange under the symbol CSLR.Juniper Square Inc., San Francisco, $133 million: Owl Rock, a division of asset manager Blue Owl Capital Inc. , led the growth round for this provider of software designed to help manage investment partnerships. Ribbit Capital, Redpoint Ventures, Felicis Ventures, Fifth Wall Ventures and Pappy Capital also invested.San Francisco, $1.3 million: Quiet Capital, GoForward Inc. CEO Adrian Aoun, Cruise LLC CEO Kyle Vogt, former Yelp Inc.
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