Bending Spoons, the proprietor of widespread apps and providers like Evernote and Meetup, introduced at the moment that it has raised $155 million in a brand new fairness financing spherical at a $2.55 billion post-money valuation.
Sturdy Capital Companions led the spherical with current traders, comparable to Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP (managed by Tamburi Funding Companions) additionally taking part. The corporate stated that it’ll use the brand new money infusion to accumulate extra manufacturers.
Bending Spoons has already began its acquisition spree this yr. In January, the corporate acquired events startup Meetup. Later that month, Bending Spoons CEO Luca Ferrari stated that the corporate would make investments $50 million within the coming years into Meetup. He additionally introduced that there would be job cuts as a part of a restructuring effort that included shifting the staff to Europe and lowering the U.S. workers. The corporate didn’t specify the precise variety of folks affected by that transfer.
On the identical time, IAC offered Mosaic, which made a go well with of widespread cellular apps comparable to Clime, Robokiller, and iTranslate, to Bending Spoons. The corporate laid off all 330 staff from Mosaic.
In 2022, Bending Spoons acquired the note-taking app Evernote. In February 2023, it laid off 129 folks from the note-taking startup’s staff. Final November, the corporate determined to limit Evernote’s free plan to just 50 notes in a push for higher monetization. In December, Bending Spoons additionally laid off all the workers of Filmic, the popular photo and video editing app that it acquired in 2022.
Bending Spoons additionally owns manufacturers like video editor Splice and AI-powered picture editor Remini. The corporate is claimed to be eyeing $500 million in sales this year.
