Italian technology company Bending Spoons has entered into a definitive agreement to acquire Miro, a visual collaboration software company, at an enterprise value of $1.35bn.
Taking into account Miro’s net cash, the deal implies an equity value of around $1.79bn.
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Based in San Francisco, California, Miro is an AI innovation workspace designed to support teams in planning, co-creating, and developing new projects.
Miro enables cross-functional teams to move from initial discovery to final delivery on a collaborative, AI-driven platform. The shared canvas facilitates collaborative workflows, helping teams to maintain productivity, adapt to different working methods, and support transformation across organisations.
The company was founded in 2011 and currently has 1,600 employees across 13 hubs worldwide.
Miro CEO and co-founder Andrey Khusid said: “We started Miro fifteen years ago to give teams one place to think together and bring ideas to life. It has become something more: an AI-first workspace that teams run their most important work through.
“Nearly four million paying users depend on it, across every industry and region we serve, including more than 750 customers with over $100,000 in annual recurring revenue. The best version of Miro is still ahead of us.
“Partnering with Bending Spoons lets us deliver on that vision with ambition, for the customers who count on us.”
If the deal proceeds as planned, Miro will join Bending Spoons’ portfolio, following the recent acquisition of Airtable, which was finalised last week.
Board members of both Miro and Bending Spoons have given unanimous approval to the agreement.
The transaction, which will be completed in cash, will see certain shareholders of Miro reinvest $295m from their proceeds into new equity issued by Bending Spoons.
Expected to close in Q4 2026, the deal is contingent on typical closing conditions and approvals, including regulatory clearances.
Bending Spoons CEO and co-founder Luca Ferrari said: “It’s a privilege, and no small responsibility, to welcome a product that over 250,000 organisations have integrated into their workflows. Miro has grown to around $600m in annual recurring revenue, nearly 90% from business and enterprise customers.
“After closing, we plan to invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work. We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception.”
