Rigetti Computing’s SPAC Deal Marks Pegasus Tech Ventures’ 18th IPO
Pegasus Tech Ventures was an early investor in Rigetti Computing, a Berkeley-based startup whose mission is to build the world’s most powerful computers to help solve humanity’s most important problems. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform.
Today the company and Supernova Partners (a SPAC) announced the completion of their business combination. For the inquiring minds that want to know, Rigetti’s stock will now trade on NASDAQ.
So far, Pegasus has achieved a total of 64 successful exits and 18 IPOs, after making 224 investments over the years. For the uninitiated, Pegasus Tech Ventures pioneered the “Capital-as-a-Service” investment strategy.
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Jordan French is the Founder and Executive Editor of Grit Daily. The champion of live journalism, Grit Daily’s team hails from ABC, CBS, CNN, Entrepreneur, Fast Company, Forbes, Fox, PopSugar, SF Chronicle, VentureBeat, Verge, Vice, and Vox. An award-winning journalist, he is on the editorial staff at TheStreet.com and a Fast 50 and Inc. 500-ranked entrepreneur with one sale. Formerly an engineer and intellectual-property attorney, his third company, BeeHex, rose to fame for its “3D printed pizza for astronauts” and is now a military contractor. A prolific investor, he’s invested in 40+ early stage startups through 2021.
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