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Metromile, Inc.

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

INSU Acquisition Corp. II was a blank-check company that completed its initial public offering in 2020, targeting the financial services and insurtech sector. The vehicle announced a business combination with Metromile, Inc., a San Francisco-based pay-per-mile auto insurance company, in November 2020. Sponsored by HSCM Bermuda Ltd., an affiliate of Hudson Structured Capital Management, the deal reflected strong investor appetite for usage-based insurance models at the time. The transaction has since closed, with Metromile having traded on Nasdaq under the ticker MILE following the merger. Visit SpacDesk and sign up for full data, filings, and deal analytics on INSU Acquisition Corp. II and hundreds of other SPAC transactions.

Announced
2020-11-24
Closed
2021-02-09
PIPE Raised
Industry
Financial Services

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
CIK0001819035INSU Acquisition Corp IIClosed2020-11-242021-02-09$230.0MInsurance Acquisition Sponsor II, LLC