Fair value measurement and financial instruments (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Liabilities Measured on Recurring Basis

The following table summarizes Sonder’s Level 3 financial liabilities measured at fair value on a recurring basis (in thousands):

	Level 3
	September 30, 2021		December 31, 2020
Financial liabilities:
Other non-current liabilities:
Preferred stock warrant liabilities	$	2,535	$	1,140
Share-settled redemption feature	37,328		—
Total financial liabilities measured and recorded at fair value	$	39,863	$	1,140

The following table summarizes Sonder’s Level 3 financial liabilities measured at fair value on a recurring basis (in thousands):

	Level 3
	December 31,
	2020		2019
Financial liabilities:
Other non-current liabilities:
Preferred stock warrant liabilities	$	1,140	$	822
Total financial liabilities measured and recorded at fair value	$	1,140	$	822

Schedule of Financial Liabilities Measured at Fair Value

The following table presents changes in Level 3 liabilities measured at fair value for the nine months ended September 30, 2021 and the year ended December 31, 2020 (in thousands):

	Level 3
	September 30, 2021		December 31, 2020
Beginning balance	$	1,140	$	822
Additions for new instruments issued	45,156		292
Increase in fair value of preferred stock warrants	1,395		26
Decrease in fair value of share-settled redemption feature	(7,828)		—
Total financial liabilities measured and recorded at fair value	$	39,863	$	1,140

The following table presents additional information about Sonder’s financial liabilities that are measured at fair value for which it has utilized Level 3 inputs to determine fair value (in thousands):

	Level 3
	December 31,
	2020		2019
Beginning balance	$	822	$	—
Additions for new instruments issued	292		544
Increase in fair value of preferred stock warrants	26		278
Total financial liabilities measured and recorded at fair value	$	1,140	$	822