Bending Spoons Snaps Up Whiteboard App Miro for $1.36B

Bending Spoons just made its biggest power move yet. The Milan-based software acquirer has agreed to purchase Miro, the cloud-based visual collaboration platform, for $1.36 billion. If you've been watching Bending Spoons build its portfolio, you know this company doesn't blink at big price tags when it sees an asset it can optimize.

Miro built its name on digital whiteboards — the kind remote and hybrid teams leaned on hard during the pandemic era. The platform became a go-to for brainstorming, sprint planning, and cross-functional work. That stickiness is exactly what makes it an attractive acquisition target: recurring users, enterprise contracts, and a product baked into daily workflows.

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Bending Spoons has a well-worn playbook: acquire established software products, cut costs aggressively, and squeeze out margin. They've done it with Evernote, Filmic, and WeTransfer. Miro fits squarely in that mold — a recognized brand with scale that may have been running too lean on profit relative to its revenue potential.

For retail investors tracking consolidation in the SaaS and productivity space, this deal signals that private acquirers are still willing to write nine-figure checks for collaboration tools — even as the post-pandemic work-from-home tailwind fades. Valuations in this niche have compressed, which means Bending Spoons may be buying at a relative discount to Miro's peak private valuation of $17.5 billion back in 2022.

Watch this space. If Bending Spoons follows its usual script, expect leaner operations at Miro and a sharper focus on profitability over growth. Continue reading at SeekingAlpha.