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Condensed Balance Sheet - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 416,780 $ 861,754  
Prepaid expenses 218,981 328,772  
Total current assets 635,761 1,190,526  
Investments held in Trust Account 414,268,577 414,209,593  
Total Assets 414,904,338 415,400,119  
Current liabilities:      
Accounts payable 274,570 22,120  
Accrued expenses 2,777,394 111,146  
Due to related party 5,846 9,750  
Total current liabilities 3,057,810 143,016  
Deferred underwriting commissions 14,490,000 14,490,000  
Derivative warrant liabilities 50,497,400 53,801,110  
Total liabilities 68,045,210 68,434,126  
Commitments and Contingencies  
Class A ordinary shares, $0.0001 par value; 34,185,912 and 34,196,599 shares subject to possible redemption at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively 341,859,120 341,965,990  
Shareholders' Equity:      
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0  
Additional paid-in capital 34,734,757 34,627,888  
Accumulated deficit (29,736,505) (29,629,640)  
Total shareholders' equity 5,000,008 5,000,003  
Members’ deficit:      
Total liabilities and equity 414,904,338 415,400,119  
Marketwise, LLC      
Current assets:      
Cash and cash equivalents 241,532,000 114,422,000 $ 170,520,000
Accounts receivable 8,965,000 12,398,000 7,332,000
Prepaid expenses 7,911,000 8,530,000 5,107,000
Related party receivables 775,000 874,000 800,000
Related party notes receivable, current 292,000 0  
Restricted cash 500,000 505,000 1,564,000
Deferred contract acquisition costs   42,019,000 19,307,000
Deferred contract acquisition costs 68,548,000 42,019,000  
Other current assets 2,087,000 1,889,000 1,070,000
Total current assets 330,610,000 180,637,000 205,700,000
Property and equipment, net 1,300,000 1,417,000 1,578,000
Operating lease right-of-use assets 11,826,000 12,337,000 14,502,000
Intangible assets, net 9,496,000 5,278,000 7,215,000
Goodwill 23,338,000 18,101,000 18,101,000
Deferred contract acquisition costs, noncurrent   65,217,000 23,007,000
Deferred contract acquisition costs, noncurrent 113,029,000 65,217,000  
Related party notes receivable, noncurrent 861,000 1,148,000 5,446,000
Other assets 715,000 678,000 656,000
Total Assets 491,175,000 284,813,000 276,205,000
Current liabilities:      
Trade and other payables 4,718,000 11,969,000 4,979,000
Related party payables, net 1,231,000 2,515,000 7,110,000
Accrued expenses 65,258,000 32,134,000 33,526,000
Deferred revenue and other contract liabilities 324,675,000 278,267,000 192,992,000
Derivative liabilities 662,000 0  
Operating lease liabilities 1,223,000 1,077,000 2,084,000
Current portion of long-term debt – related party   0 4,256,000
Other current liabilities 24,805,000 19,576,000 9,484,000
Total current liabilities 422,572,000 345,538,000 254,431,000
Long-term debt – related party   0 1,134,000
Class B Units - related party   593,235,000 118,033,000
Deferred revenue and other contract liabilities, noncurrent 382,797,000 254,481,000 160,907,000
Derivative liabilities, noncurrent   4,343,000 1,274,000
Operating lease liabilities, noncurrent 7,512,000 7,826,000 8,490,000
Total liabilities 2,050,484,000 1,205,423,000 544,269,000
Commitments and Contingencies 0 0 0
Members’ deficit:      
Class A members’ units, 547,466 and 605,352 units issued and outstanding at December 31, 2020 and 2019, respectively (1,552,174,000) (914,728,000) (262,293,000)
Accumulated other comprehensive income (loss) (118,000) (17,000) (3,000)
Total members’ deficit (1,552,292,000) (914,745,000) (262,296,000)
Non-controlling interest (7,017,000) (5,865,000) (5,768,000)
Total members’ deficit attributable to MarketWise (1,559,309,000) (920,610,000) (268,064,000)
Total liabilities and equity 491,175,000 284,813,000 $ 276,205,000
Common Class A      
Shareholders' Equity:      
Class A and B ordinary shares 721 720  
Common Class B      
Shareholders' Equity:      
Class A and B ordinary shares $ 1,035 $ 1,035