Bending Spoons acquires Miro for $1.36 billion in all-cash deal as tech buying spree accelerates

Bending Spoons is buying Miro in a $1.36 billion all-cash deal, adding one of the best-known workplace collaboration platforms to a growing collection of internet and software brands that already includes Airtable, Vimeo, Evernote, Eventbrite, AOL, Brightcove, and WeTransfer.

The companies announced the agreement Thursday, just days after Bending Spoons completed its acquisition of Airtable. The Miro transaction carries an enterprise value of $1.355 billion. Factoring in Miro’s net cash puts its equity value at roughly $1.79 billion.

Bloomberg confirmed the deal Thursday, reporting that Bending Spoons had agreed to acquire Miro in an all-cash transaction valuing the workplace collaboration company at $1.36 billion. The deal carries an enterprise value of $1.355 billion, with Miro’s net cash bringing the implied equity value to roughly $1.79 billion.

Some Miro shareholders are staying on for the ride. They have agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity.

The transaction is expected to close in the fourth quarter of 2026, pending regulatory approvals and customary closing conditions. Bending Spoons and Miro will continue operating independently until then.

The deal gives Bending Spoons a company with considerable scale. Miro has around $600 million in annual recurring revenue, according to Bending Spoons CEO and co-founder Luca Ferrari, with nearly 90% coming from business and enterprise customers. Miro says nearly 4 million paying users rely on its platform, and more than 750 customers generate over $100,000 in ARR each.

That $600 million figure makes the acquisition price particularly interesting. At the stated $1.355 billion enterprise value, Bending Spoons is paying roughly 2.3 times Miro’s annual recurring revenue, a striking price for a software platform embedded across 250,000 organizations.

“It’s a privilege, and no small responsibility, to welcome a product that over 250,000 organizations have integrated into their workflows,” Ferrari said. “Miro has grown to around $600 million in annual recurring revenue, nearly 90% from business and enterprise customers. After closing, we plan to invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work.”

Bending Spoons keeps buying recognizable tech brands

Miro is the latest addition to an acquisition strategy that has turned Milan-based Bending Spoons into one of tech’s most active buyers of established digital businesses.

The company has accumulated a striking portfolio that includes Evernote, Vimeo, WeTransfer, Eventbrite, Brightcove, AOL, and now Airtable. Miro would add another major workplace software brand to that list.

Bending Spoons says it buys businesses with the intention of owning them for the long term, then restructures operations, technology, products, marketing, and monetization. AI has become an increasing part of that strategy.

Miro itself has been pushing deeper into AI. A little over a year ago, the company acquired Reforge, a platform that helps product teams make decisions about growth, strategy, and product direction. Miro now describes its product as an “AI Innovation Workspace,” reflecting its effort to move beyond the digital whiteboard category it helped popularize.

“We started Miro fifteen years ago to give teams one place to think together and bring ideas to life. It has become something more: an AI-first workspace that teams run their most important work through,” Miro CEO and co-founder Andrey Khusid said.

The deal marks a major turn for a company that grew from an online collaborative canvas into software used by more than 100 million people. It may say just as much about Bending Spoons.

With Airtable barely through the door and Miro already next in line, the Italian tech group is building something unusual: a portfolio of internet and software brands millions already know, bought one company at a time.