Bending Spoons to Buy Miro for $1.36 B, Highlighting Steep Valuation Decline

On Monday, Italian mobile‑app maker Bending Spoons disclosed that it intends to acquire the online collaboration service Miro for $1.36 billion, a sum that translates to a valuation about tenfold below the $17.5 billion peak the firm enjoyed during the pandemic‑driven surge in late 2021.

Renowned for its lineup of widely‑used consumer applications, Bending Spoons has been branching out beyond its traditional domain in recent years, aiming to broaden its holdings with enterprise‑oriented software. This purchase represents its largest foray into the workplace‑technology arena so far.

Founded in 2011, Miro expanded quickly amid the rise of remote work, providing a digital whiteboard that enables dispersed teams to brainstorm, diagram workflows, and co‑create instantly. The company’s valuation reached its zenith in 2021, driven by venture‑capital funding and heightened appetite for cloud‑based collaboration solutions.

The pronounced decline in the transaction price highlights a wider correction within the tech‑investment environment. With firms adjusting expenditures after prolonged remote‑work expansion, valuations of numerous high‑growth SaaS companies have been re‑evaluated, resulting in reduced exit multiples and a surge of consolidation activity.

Analysts contend that Bending Spoons perceives strategic merit in melding Miro’s visual collaboration platform with its mobile know‑how, possibly offering users a smoother cross‑platform experience. The transaction may also furnish Miro with extra capital to polish its product roadmap and scale its enterprise sales apparatus.

Although both sides kept the specifics of the deal hidden aside from the headline figure, analysts observe that the agreement could indicate a move toward more realistic pricing in the industry, with purchasers favoring sustainable growth over speculative gains.

The purchase comes as the market scrutinizes signs of steadiness among remote‑work vendors. Observers will closely watch how Bending Spoons utilizes Miro’s technology and whether the merged company can seize a bigger slice of the post‑pandemic collaboration market in the coming months.