This is the fourth blank check company organized by Social Capital Hedosophia Holdings, a partnership between Chamath Palihapitiya, the founder and managing partner of Social Capital, and Ian Osborne, a co-founder and the CEO of Hedosophia. Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies.

Social Capital is a Silicon Valley-based technology holding company whose mission is to advance humanity by solving the world’s hardest problems. It was founded by Chamath Palihapitiya in 2011 to invest capital across the company lifecycle, from early stage startups to transformational public companies. Mr. Palihapitiya is a former Facebook executive.

Social Capital has been an early and active investor in companies that have demonstrated strong value creation in the public markets, such as Slack Technologies (“Slack”), a company that completed its direct listing in June 2019 and had a market capitalization of approximately $16.1 billion as of Oct. 5, 2020 and Box Inc. (“Box”), a company that completed its initial public offering in January 2015 and that had a market capitalization of approximately $2.7 billion as of Oct. 5, 2020.

Hedosophia, an investment firm founded in 2012, has deployed more than $1.5 billion of capital across its investment platforms as of June 30, 2020, and has offices in London, Los Angeles and Beijing. Hedosophia has a broad remit to invest globally, but has a particular focus on growth investments in Internet and technology companies in the United States, China and Europe. and government and regulatory matters. Hedosophia also benefits from the network that its co-founder and CEO Ian Osborne has established, including by virtue of the financial advisory firm, Connaught, which he founded in 2014.