Bending Spoons agrees to buy Miro for $1.355B, weeks after Airtable
20 days ago
- Bending Spoons, an Italian tech group, has agreed to acquire online whiteboard company Miro for an enterprise value of $1.355 billion in an all-cash deal.
- Miro generates approximately $600 million in annual recurring revenue, with nearly 90% from business and enterprise customers, and serves over 100 million users across 250,000 organizations.
- Originally a whiteboarding tool, Miro now positions itself as an AI workspace, competing with Canva, Microsoft, and Figma.
- This is Bending Spoons' second major software purchase in weeks, following its acquisition of Airtable for $1.285 billion.
- Bending Spoons plans to invest heavily in Miro's core fundamentals—performance, reliability, and functionality—and intends to own and operate it for the long term.
- The transaction is expected to close in Q4 2026, subject to regulatory approvals, and both companies will operate independently until then.