Bending Spoons to acquire Miro for $1.355 billion
Bending Spoons buying Miro for $1.355B
Bending Spoons has agreed to acquire Miro at an enterprise value of $1.355 billion, with an implied equity value of about $1.79 billion. Miro brings roughly $600 million in annual recurring revenue, nearly 90% from business and enterprise customers, and over 250,000 organizations. The all-cash deal includes a $295 million equity investment from certain Miro shareholders and is expected to close in Q4 2026.
We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception.
- jtwaleson
I have some friends there. Morale in the company was very very low. There were multiple rounds of lay-offs and management went AI crazy. They were desperate to live up to their extreme valuation from 2022. "We have to be the future of work" etc. Now the exit was 10x lower than their max valuation.
Great whiteboarding tool though.
- pavlov
They bought Airtable last month for a similarly distressed valuation.
The SaaSpocalypse has hit the post-Covid highfliers, and Bending Spoons is the grim reaper.
I don't suppose there is any big synergy hopes here. They're just identifying companies with relatively sticky enterprise accounts and will milk those.
- cameldrv
If you’re using it, you should plan to migrate off ASAP. I’ve been a long time user of Harvest, and after Bending Spoons acquired it, they increased our pricing by 800%.
- DidntUseIt
Tried Miro once.
Wasn’t a whiteboard replacement.
Wasn’t design software.
Wasn’t a PM tool.
Even when the Miro power users would bust it out in meetings, it was always so painful to watch.
I don’t know what the point of Miro really was. There was a time Figma was doing something similar (FigJam), so maybe there was a trend for a sec.
No idea why or how it’s worth over a billion dollars.
Anyone reading this going “Noooo not Miro!!!” ?
- 627467
I'm curious that every time BS buys up some we hear about all the criticism of them and never the funding/management model thay has powered saas for the past 15-20years.
Its not like they are making high payout in the purchases. They are snatching assets off weak hands (management, investors) who has no interest or idea on how to make their operations work.