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Briefing

The Briefing: Virgin Orbit Going Public Via SPAC, OPay Lands $400M, And More

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Here’s what you need to know today in startup and venture news, updated by the ºÚÁÏ³Ô¹Ï News staff throughout the day to keep you in the know.

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Virgin Orbit going public in SPAC deal

, a space technology company focused on small satellite launches, plans to go public on through a merger with a blank-check acquirer.

The Long Beach, California-based company will merge with SPAC NextGen Acquisition Corp. II, at what it says will be an “implied pro forma enterprise value of approximately US$3.2 billion.”

Africa’s OPay lands $400 million

Lagos-based mobile payment platform reportedly raised $400 million in a funding round led by 2 in its first major African investment.

Funding rounds

India’s Zetwerk raises $150M: Bangalore-based , a business-to-business marketplace for manufacturing items, raised $150 million in a fresh funding round led by at a $1.33 billion valuation.

— Joanna Glasner

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