Bending Spoons Raises $710 Million at $11 Billion Valuation

Overview

• The round was led by accounts advised by T. Rowe Price Investment Management, with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity, Foxhaven, and Radcliff.
• $270 million is primary capital and $440 million is secondary, providing fresh funds for growth and liquidity for existing shareholders.
• Bending Spoons has signed agreements to acquire AOL and Vimeo, which are subject to regulatory and, for Vimeo, stockholder approvals and are expected to close by year-end according to the company.
• Leadership says the capital will support investment in next‑generation technologies, infrastructure, and further acquisitions across its consumer and enterprise platforms.
• The company reports a portfolio including Brightcove, Evernote, komoot, Meetup, Remini, StreamYard, and WeTransfer, collectively reaching over one billion people with about 300 million monthly users and 10 million paying customers.