Bending Spoons, the owner of apps like Evernote and Meetup, celebrates $155M raised in equity financing. They were founded by Luca Ferrari, Francesco Patarnello, Matteo Danieli, Luca Querella, and Tomasz Greber.
- Valuation Status: Durable Capital Partners spearheaded the investment round, propelling Bending Spoons to a post-money valuation of $2.55B. Backers including Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP (controlled by Tamburi Investment Partners) joined in.
- Strategic Acquisitions Unveiled: Fueling ambitious growth, Bending Spoons gears up for expansion with strategic acquisitions. The recent takeover of events startup Meetup welcomes innovation, with CEO Ferrari earmarking a $50M investment into Meetup’s future.
- Streamlining Operations: In a bid to optimize operations, Bending Spoons initiates a restructuring drive, relocating Meetup’s team to Europe and announcing a workforce reduction in the U.S.
- Monetization Initiatives: As part of its strategic roadmap, Bending Spoons unveils plans to bolster monetization, including adjustments to Evernote’s free plan and optimizing revenue streams across its diverse portfolio.
- Diverse Portfolio: Beyond Evernote, Bending Spoons nurtures a diverse stable of brands, from video editor Splice to AI-powered photo editor Remini.
With an ambitious outlook, Bending Spoons sets its sights on achieving $500M in sales, underscoring its dedication to pioneering digital innovation on a global scale.
