Exhibit 99.2

Nebula Caravel Acquisition Corp. Completes $275,000,000 Initial Public Offering

SAN FRANCISCO, December 11, 2020 /PRNewswire/ – Nebula Caravel Acquisition Corp. (Nasdaq: NEBCU) (the “Company”) today announced the closing of its initial public offering of 27,500,000 units, which includes 2,500,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $275,000,000.

The Company’s units began trading on the Nasdaq Stock Market under the ticker symbol “NEBCU” on Wednesday, December 9, 2020. Each unit consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the Nasdaq Stock Market under the symbols “NEBC” and “NEBCW,” respectively.

In connection with the initial public offering, the Company has entered into forward purchase agreements with several institutional accredited investors, including True Wind Capital (“True Wind”) and its affiliated funds, that will provide for the aggregate purchase of at least $100,000,000 of Class A common stock at $10.00 per share. Any such purchases will take place in a private placement that will close concurrently with the closing of the Company’s initial business combination.

The Company, which is sponsored by True Wind and led by Adam H. Clammer and James H. Greene, Jr., who serve as Chief Executive Officer and Chairman, respectively, is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Deutsche Bank Securities Inc., William Blair & Company, L.L.C., and Stifel, Nicolaus & Company, Incorporated acted as book-running managers; Academy Securities, Inc., Blaylock Van, LLC, Loop Capital Markets LLC, Roberts & Ryan Investments, Inc., and Tigress Financial Partners LLC acted as co-managers.

The initial public offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: +1(800) 503-4611 or email: prospectus.cpdg@db.com, William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, telephone: +1(800) 621-0687 or email: prospectus@williamblair.com, or Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone at +1(415) 364-2720 or by email at syndprospectus@stifel.com.

A registration statement relating to the securities sold in the initial public offering has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on Tuesday, December 8, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act and applicable state securities laws.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the funding of the forward purchase agreements will occur or that the net proceeds of the offering or forward purchase agreements will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About the Company

The Company is a newly organized blank check company sponsored by True Wind, a San Francisco-based, technology-focused private equity firm. Mr. Clammer and Mr. Greene are the founding partners of True Wind.

Contact

Stephanie Portillo
True Wind Capital
press@truewindcapital.com