IoT device innovator makes homes smarter, goes public

Originally published at: IoT device innovator makes homes smarter, goes public - Daily Fintech

Special purpose acquisition company (SPAC) Spinnaker Acquisitions completed a reverse merger with LeakBot, UK based B2B Insurtech, to create Ondo InsurTech. This new entity will be the first Insurtech to go public in Britain. Ondo brought in about $4.5 million from investors, grossing a market capitalization of about $10.8 million. It will use the fresh…