Bending Spoons to buy collaboration tools maker Miro for $1.36B, 90% less than its 2022 valuation
Bending Spoons is acquiring Miro for $1.36 billion, marking a dramatic drop from the workplace collaboration startup’s $17.5 billion valuation in late 2021.
MAIN POINTS
- Bending Spoons is purchasing Miro in a $1.36 billion deal.
- Miro’s valuation has fallen sharply from $17.5 billion in late 2021.
- The acquisition highlights a major reset in workplace collaboration startup valuations.
- The deal underscores changing market conditions for high-growth software companies.
TAKEAWAYS
- Miro’s sale price reflects how much startup valuations can decline after peak funding periods.
- Large private-market markdowns can signal broader investor caution in the software sector.
- Acquisitions may become an exit path for companies that once commanded much higher prices.
- The transaction shows how quickly market sentiment can shift for collaboration tools.