Bending Spoons to acquire Miro for $1.79 billion

Miro would become the latest major software product to join Bending Spoons’ portfolio. The company completed its acquisition of Airtable the previous week.

Bending Spoons has agreed to acquire collaborative workspace platform Miro at an enterprise value of $1.355 billion, in a transaction that would value Miro’s equity at approximately $1.79 billion when combined with its net cash.

The all-cash deal includes a $295 million investment in newly issued Bending Spoons equity by certain Miro shareholders. The acquisition and investment remain subject to customary closing conditions and approvals, including regulatory approval.

Bending Spoons targets Miro’s enterprise business

Luca Ferrari, CEO and co-founder, Bending Spoons: "It's a privilege, and no small responsibility, to welcome a product that over 250,000 organizations have integrated into their workflows. Miro has grown to around $600 million in annual recurring revenue, nearly 90% from business and enterprise customers. After closing, we plan to invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work. We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception."

Andrey Khusid, CEO and co-founder, Miro: "We started Miro fifteen years ago to give teams one place to think together and bring ideas to life. It has become something more: an AI-first workspace that teams run their most important work through. Nearly 4 million paying users depend on it, across every industry and region we serve, including more than 750 customers with over $100,000 in annual recurring revenue. The best version of Miro is still ahead of us. Partnering with Bending Spoons lets us deliver on that vision with ambition, for the customers who count on us. I’m deeply grateful to all Mironeers, partners, users, customers, and investors who have been part of Miro’s journey over the last fifteen years. Miro would not be what it is today without you, and I’m excited to see what will be built in this next chapter."

Miro joins Bending Spoons portfolio

Under the agreement, which was unanimously approved by the boards of directors of both companies, Bending Spoons will acquire 100 percent of Miro’s issued and outstanding shares.

The acquisition is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary closing conditions.

Until completion, Bending Spoons and Miro will continue to operate independently.

www.bendingspoons.com

www.miro.com

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