Supernova Partners Acquisition Company II, Ltd. announced today the closing of its initial public offering of 34,500,000 units, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $345,000,000.

Supernova II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Supernova II will look to partner with a technology company focused on enterprise solutions.

Supernova II is led by the team that founded its predecessor, Supernova Partners Acquisition Company, Inc., consisting of Spencer Rascoff, a serial entrepreneur who co-founded Hotwire and Zillow and who led Zillow as CEO for nearly a decade; Alexander Klabin, an investor and entrepreneur who co-founded Senator Investment Group; Robert Reid, an investor who worked for 21 years at Blackstone in its Private Equity Group; and Michael Clifton, an investor who was most recently a senior investment professional at The Carlyle Group.