Bending Spoons buying Miro for $1.355B
20 days ago
- Bending Spoons has entered a definitive agreement to acquire Miro for $1.355 billion enterprise value, with an equity value of ~$1.79 billion after including net cash.
- Certain Miro shareholders will invest $295 million of their proceeds into newly issued Bending Spoons equity as part of the all-cash transaction.
- Miro has achieved ~$600 million in annual recurring revenue, with nearly 90% from business and enterprise customers, serving over 250,000 organizations.
- Bending Spoons plans to invest heavily in Miro's performance, reliability, and functionality after closing, with a long-term ownership perspective.
- The acquisition is expected to close in Q4 2026, subject to regulatory approvals and other customary closing conditions.
- Bending Spoons recently completed the acquisition of Airtable, and Miro would be the latest renowned product to join its portfolio.