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.
GoKawiil's interpretation of the reporting above, not reported fact.
The deal underscores how dramatically SaaS valuations have collapsed since the pandemic-era highs, even for companies that remain financially healthy and growing. Bending Spoons has built a strategy around scooping up such discounted, once-hyped software firms, signaling a broader shift in how investors and acquirers now price enterprise software businesses.
- Miro's valuation fell from $17.5B in 2021 to $1.79B equity value now, a 92% drop.
- The company remains profitable with $600M in ARR and $435M in net cash.
- Bending Spoons continues its pattern of acquiring formerly high-valued software startups at steep discounts.
Quartet Magnetic Dry Erase Whiteboard — Miro made its name digitizing the office whiteboard, but the analog original still earns its wall space for brainstorming and sprint planning. A magnetic Quartet dry erase board takes markers and magnets, so you can map ideas, stick up notes, and wipe it clean for the next session.
See Quartet Magnetic Dry Erase Whiteboard on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: techcrunch.com — Ram Iyer, 2026-09-10
Published there as: “Bending Spoons to buy collaboration tools maker Miro for $1.36B, 90% less than its 2022 valuation”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.