Queen's Gambit Growth Capital, a blank check company with an all-female team formed by VC Victoria Grace and Agility Logistics targeting a sustainable business, raised $300 million by offering 30 million units at $10. The company originally planned to offer 22.5 million units before increasing the offering to 27.5 million units earlier this month. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company's all-female management team and board is led by CEO and Director Victoria Grace, a Founding Partner of Colle Capital Partners I, an opportunistic, early stage technology venture fund. She is joined by CFO Anastasia Nyrkovskaya, who currently serves as CFO of Fortune Media. Queen's Gambit Growth Capital plans to target businesses that provide solutions promoting sustainable development, economic growth, and prosperity, with sectors of potential interest including clean energy, healthcare, financial technology, industrials, mobility, and emerging technology.
Queen's Gambit Growth Capital plans to list on the Nasdaq under the symbol GMBTU. Barclays acted as a lead manager on the deal.
