Bending Spoons Acquires Miro
Bending Spoons acquires workplace-collaboration platform Miro in an all-cash transaction valued at $1.355 billion.
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Key Points
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The transaction was unanimously approved by the boards of directors of both Bending Spoons and Miro, and Bending Spoons will acquire 100% of Miro’s issued and outstanding shares.
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More than 750 Miro customers generate over $100,000 in annual recurring revenue, underscoring the platform’s concentration among large business users.
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Miro CEO Andrey Khusid described the company as an “AI-first workspace” and said nearly 4 million paying users rely on it across every industry and region served.
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Bending Spoons CEO Luca Ferrari said the company intends to own and operate Miro for the long term, rather than treat the acquisition as a short-term transaction.
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The merger agreement includes termination rights for both sides, including the ability to terminate if the transaction has not closed by Sept. 10, 2027.
Bending Spoons has agreed to buy Miro, a workplace-collaboration platform, for $1.355 billion in cash TechCrunch. The all-cash deal values Miro at roughly $1.79 billion when including its net cash. This price tag is 90% lower than Miro's $17.5 billion valuation from 2022 TrendingTopics.
Miro serves more than 250,000 organizations and has nearly 4 million paying users IJR. The platform generates about $600 million in annual recurring revenue, mostly from business and enterprise customers. Bending Spoons plans to operate Miro independently and invest in its performance and features TechStartups.
A Dramatic Plunge From Peak Valuation
Miro's price has collapsed since 2022. The company was valued at $17.5 billion just two years ago TrendingTopics. Today's $1.355 billion deal price represents a 92% decline. The shift reflects the broader slowdown in tech valuations and investor appetite for workplace software.
Large Customers Drive Miro's Revenue Base
Miro's strength lies in its enterprise focus. More than 750 customers each generate over $100,000 in annual recurring revenue IJR. This concentration shows that Miro has built deep relationships with major businesses. The platform operates across every industry and region globally.
Bending Spoons Expands Its Software Portfolio
This acquisition fits Bending Spoons' strategy of buying and operating digital businesses long-term TechCrunch. The Italian company has previously purchased Airtable and other software platforms. CEO Luca Ferrari said the company intends to own Miro for the long term, not as a short-term flip IJR.
The deal requires regulatory approval and is expected to close in late 2026 TechCrunch. Both companies' boards unanimously approved the transaction. Miro CEO Andrey Khusid called his platform an "AI-first workspace" that serves millions of users IJR.
Some Miro Shareholders Will Reinvest in Bending Spoons
Not all Miro shareholders are cashing out completely. Some shareholders will reinvest $295 million of their sale proceeds into newly issued Bending Spoons equity IJR. This signals confidence from insiders in the combined company's future. The move also aligns shareholder interests with Bending Spoons' long-term vision.
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