Business · CNBC Technology
Bending Spoons was launched in 2013 by friends Luca Ferrari, the CEO, Matteo Danieli and Francesco Patarnello
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Bending Spoons has announced all of its biggest deals in the last few years, beginning with Evernote in 2022, followed by Brightcove in 2024, and Vimeo, AOL and Eventbrite in 2025.
Key facts
- In April 2023, months after the Evernote acquisition, Bending Spoons lifted the annual personal subscription price to $130 from $70
- The company held its IPO on June 30, raising about $1.7 billion at $29 a share, and hit the Nasdaq the next day
- In August, Bending Spoons announced it was buying workflow software provider Airtable for about $1.3 billion, or almost 90% below the company's peak valuation from late 2021
- Berkshire, which Bending Spoons describes as a "longstanding inspiration" for its strategy, has now invested over $900 million in the company, including a $330 million stake disclosed on Wednesday
Summary
At the time of its Nasdaq debut in July, Bending Spoons was a little-known holding company out of Italy that owned older internet names like AOL, Vimeo, Eventbrite and Evernote. Less than four months later, the Milan-based firm has emerged as a surprising home for former high-flying software startups that have been thrust aside by the artificial intelligence boom. Berkshire, which Bending Spoons describes as a "longstanding inspiration" for its strategy, has now invested over $900 million in the company, including a $330 million stake disclosed on Wednesday. "Berkshire's decision to add to its position a few months after the IPO and at these levels provides another vote of confidence in the Bending Spoons model from one of the world's most respected long-term investors," wrote analysts at Mizuho, in a report after the announcement. The other big news out of Bending Spoons this week underscores the flipside of the business: job cuts.