Bending Spoons to Acquire Collaboration Platform Miro for $1.36 Billion

2026-09-10 digital

Amsterdam, Thursday 10 September 2026
Italian software developer Bending Spoons has agreed to acquire digital collaboration platform Miro for $1.36 billion, marking another major consolidation in the global productivity software market.

Structuring the Cash Deal

The all-cash transaction, announced on Thursday, 10 September 2026, values the digital planning and collaboration platform at an enterprise value of $1.355 billion [2][4], which translates to a headline transaction value of approximately $1.36 billion [1][2]. Under the terms of the definitive agreement, the transaction represents a highly structured exit for Miro’s venture backers and early shareholders [1]. In a notable show of continued confidence in the platform’s future under its new parent company, certain Miro shareholders have agreed to reinvest $295 million of their transaction proceeds directly into newly issued Bending Spoons equity [1]. When accounting for Miro’s net cash position, the deal implies a total equity value of approximately $1.79 billion [1][3].

Financial Mechanics of the Deal

This reinvestment mechanism highlights an emerging trend in late-stage software-as-a-service (SaaS) consolidation, where sellers maintain upside exposure by rolling their equity into the acquiring conglomerate [GPT]. The acquisition has already received formal approval from the boards of directors of both Bending Spoons and Miro [1]. Currently awaiting standard regulatory clearances, the transaction is projected to officially close in the fourth quarter of 2026 [1]. The transaction is backed by Bending Spoons’ robust capital reserves, which were significantly bolstered by a $710 million investment and growth capital raise completed on 30 October 2025, ahead of its public market debut [4].

Miro’s Market Footprint and Revenue Engine

Miro has established itself as a cornerstone of the digital whiteboarding and collaboration space, building a highly efficient enterprise revenue engine [GPT]. The platform has scaled to approximately $600 million in annual recurring revenue (ARR) [1]. Crucially, Miro’s revenue model is heavily anchored in the high-value corporate segment, with nearly 90% of its sales derived directly from business and enterprise customers [1]. This enterprise focus provides a stable, predictable cash flow stream that aligns with Bending Spoons’ optimization strategies [GPT].

Scaling Upmarket and Product Enhancements

The platform boasts nearly 4 million paying users globally, demonstrating significant scale and user retention in a competitive digital workplace market [1]. Within this vast user base, Miro has successfully moved upmarket, securing 750 premium enterprise customers who each contribute more than $100,000 in annual recurring revenue [1]. Following the acquisition, Bending Spoons intends to leverage its proprietary artificial intelligence and data technologies to invest heavily in Miro’s core platform, focusing on enhancing performance, reliability, and overall functionality [1][2].

Bending Spoons’ Aggressive M&A Strategy

The acquisition of Miro is part of an extraordinarily aggressive consolidation campaign by Milan-headquartered Bending Spoons, which has rapidly transformed into a major global software conglomerate [GPT]. The Italian company, which officially launched its Initial Public Offering (IPO) on 23 June 2026 and closed it on 2 July 2026, has wasted no time in deploying its public capital [4]. Just last week, on 4 September 2026, Bending Spoons completed its massive $1.28 billion acquisition of the collaborative database platform Airtable, after signing a definitive agreement on 4 August 2026 [1][4]. The combined enterprise value of these two consecutive mega-deals alone reaches 2.64 billion [1][4].

A Rapidly Expanding Digital Portfolio

Miro joins a rapidly expanding portfolio of established digital products managed by Bending Spoons, which specializes in acquiring, operating, and improving digital platforms [2]. This portfolio already includes major tools such as the video-sharing platform Vimeo—which was acquired in a definitive agreement valued at $1.38 billion [4]—as well as Evernote, WeTransfer, Eventbrite, StreamYard, Meetup, and Remini [2]. By applying its systematic, data-driven operational playbook, Bending Spoons aims to drive efficiency and technological scalability across these diverse digital assets [2][GPT].

Sources & Ecosystem Partners

SaaS acquisition digital collaboration