Why Are Chamath Palihapitiya and a Major Real Estate Firm Excited About This SaaS Company?
Property technology company Latch is an interesting story among the ranks of special-purpose acquisition companies (SPACs). Not only did it get $300 million in capital raised by Tishman Speyer-sponsored TS Innovation Acquisition (NASDAQ: TSIA), but it also received a private investment round of $190 million led by Chamath Palihapitiya himself. In this Fool Live video clip, recorded on March 8, Fool.com contributor Matt Frankel, CFP, asks Latch CEO Luke Schoenfelder about the impressive roster of big-name investors willing to put their money into this smart home software-as-a-service business.
Source Fool.com
