GoKawiilBending Spoons acquires Miro for $1.36B, far below its 2021 peak valuation
Italian software company Bending Spoons is acquiring workplace collaboration platform Miro in a $1.36 billion cash deal, valuing the equity at $1.79 billion. That figure represents a roughly 92% drop from the $17.5 billion valuation Miro commanded in late 2021 during the pandemic-driven remote work boom. Despite the steep markdown, Miro reports $600 million in annual recurring revenue, over four million paying users, and profitability with $435 million in net cash.