SPAC Hunting for LatAm Deals Seeks $1B Tech Unicorn: Report

Alec Oxenford made a name in the startup scene by creating two billion-dollar companies and selling key stakes to Naspers Ltd. This time around, he’s the one hunting for a purchase, Bloomberg reports.

Oxenford, the founder of second-hand sale platforms OLX and letgo, is now CEO of Alpha Capital, a SPAC that’s seeking to merge with a technology company in Latin America. He’s aiming for a target with a valuation near $1 billion, and has narrowed down the list of contenders to 16 companies, from a starting point of 20,000, he said in an interview. Read more.

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