This is Bending Spoons’ second acquisition since going public in July.
Italy’s Bending Spoons, which buys and revamps existing businesses providing digital technologies, is acquiring California-based workplace collaboration platform Miro for $1.35bn.
The deal values Miro at approximately $1.79bn, a significant step down from its last valuation of $17.5bn in 2022 – a downward trend attributed to the major AI-led disruption in the SaaS sector in recent years.
The company, co-headquartered in Amsterdam, was founded in 2011 by Andrey Khusid and Oleg Shardin. Its platform, used by companies such as Ubisoft, PepsiCo and Comcast, allows workers to connect various tools and AI outputs into one governed location for collaboration.
Miro’s customer-base has grown multi-fold in recent years – up from 30m in 2022 to more than 100m this year, including nearly 4m paying customers, up from 130,000 in 2022.
