Patrick Grove's Catcha files to raise US$250m for blank-cheque firm
The SPAC is expected to target tech companies that are worth over US$1b
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SINGAPORE-BASED Catcha Group has filed to raise US$250 million for a special purpose acquisition company (SPAC), saying the vehicle would target technology companies in South-east Asia and Australia.
The SPAC, called Catcha Investment, will be run by Catcha Group's co-founders Patrick Grove and Luke Elliot. Mr Grove, who has set up startups including iflix, iProperty Group, and iCar Asia, will serve as chief executive and chairman; Mr Elliot will serve as president and director.
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