GM-backed auto data startup Wejo to go public at $800 mn valuation

Auto data startup Wejo will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that will value the company at $800 million. The startup will raise $330 million, Wejo Founder Richard Barlow said. Wejo, which has been backed by General Motors and billionaire Peter Thiel's Palantir, could also raise $25 million within 30 days.