Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
Bending Spoons, the Italian app developer known for acquiring and reviving struggling apps, has announced its first acquisition since going public: a $1.3 billion deal for Airtable, the popular project management and database platform. The move marks a significant expansion for Bending Spoons, which has traditionally focused on consumer apps, and signals its ambition to grow in the enterprise software space.
This acquisition marks a significant milestone for Bending Spoons as we continue to expand our portfolio and bring our expertise to new markets.
- minraws
I had some thoughts but for context.
Basically, widely reported Airtable's 2026 reported ARR was close to $500M. they sold at a ~3x multiple assuming it went flat/down~~. They had raised $1.4B (total latest around 770M) in funding I am not sure for what?? and had ~1B in cash (according to some online sources)??
Now I have no idea what this is even about, maybe all investors wanted out?
- katspaugh
After they acquired Meetup.com, subscription prices skyrocketed while nothing useful was added to the product.
29€ a month just to host a meetup page with RSVPs.
- cagataygurturk
Bending Spoons is where products go to die.
- dustingetz
$725M@11B Series F 2021 Dec
[email protected] Series E 2021 Mar
[email protected] Series D 2020 Sep
[email protected] Series C 2018 Nov
$52M@152M Series B 2018 Mar
- v5v3
>Bending Spoons said Airtable's current net cash position implies an equity value of about $2.25 billion.
Bending Spoons must have amazing negotiaters to strike such a bargain.
We should send them to Iran to negotiate the peace deal.