Bending Spoons, the proprietor of in style apps and companies like Evernote and Meetup, introduced immediately 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 buyers, corresponding to Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital and StarTIP (managed by Tamburi Funding Companions) additionally taking part. The corporate mentioned that it’ll use the brand new money infusion to accumulate extra manufacturers.
Bending Spoons has already began its acquisition spree this 12 months. In January, the corporate acquired occasions startup Meetup. Later that month, Bending Spoons CEO Luca Ferrari mentioned that the corporate would make investments $50 million within the coming years into Meetup. He additionally introduced that there could be job cuts as a part of a restructuring effort that included shifting the group to Europe and decreasing the U.S. employees. The corporate didn’t specify the precise variety of individuals affected by that transfer.
On the similar time, IAC bought Mosaic, which made a go well with of in style cellular apps corresponding to Clime, Robokiller, and iTranslate, to Bending Spoons. The corporate laid off all 330 workers from Mosaic.
In 2022, Bending Spoons acquired the note-taking app Evernote. In February 2023, it laid off 129 individuals from the note-taking startup’s employees. Final November, the corporate determined to limit Evernote’s free plan to only 50 notes in a push for higher monetization.
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 gross sales this 12 months.
