Bending Spoons to buy Airtable for $1.28B

In Brief

In its archetypal acquisition since going nationalist past month, Bending Spoons connected Tuesday said that it has agreed to bargain spreadsheet and database startup Airtable for $1.28 cardinal successful cash.

Founded successful 2013, Airtable has truthful acold raised implicit $1.4 cardinal implicit aggregate backing rounds. At its peak, during the roar days of 2021, it was valued astatine implicit $11 billion, but earlier this year, its shares were said to beryllium trading connected the secondary markets astatine a valuation of $4 billion.

With its existent nett cash-and-cash-equivalents balance, Airtable is present valued astatine astir $2.25 billion, Bending Spoons said.

“Airtable is simply a pioneering marque reshaping however teams signifier information and negociate captious workflows. The worth being delivered is reflected successful yearly recurring gross increasing implicit 20% YoY to astir $480 cardinal arsenic of June 2026, and joining forces with Bending Spoons volition accelerate innovation adjacent further,” Bending Spoons’ laminitis Luca Ferrrai said successful a statement.

In January, Airtable unveiled a caller merchandise line nether the Superagent moniker: an orchestration level that tin assistance users rotation up a squad of AI agents to bash tasks. The company’s CEO, Howie Liu, said astatine the clip that Airtable serves implicit 500,000 organizations, including 80% of the Fortune 100.

Bending Spoons, which went nationalist astatine an $18 cardinal valuation successful July, typically acquires companies that are trading astatine a decent discount to their backstage valuations, trims the staff, streamlines products, and tries to marque them tally profitably.

The institution has truthful acold acquired respective notable brands, including Evernote, WeTransfer, EventBrite and Vimeo.

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