Bending Spoons, the owner of Evernote and Meetup, secured $155 million in equity financing at a $2.55 billion post-money value today.
Durable Capital Partners led the round, with Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and Tamburi Investment Partners-controlled StarTIP also investing. The corporation plans to buy additional brands with the fresh funding.
Bending Spoons began acquiring them this year. Event startup Meetup was bought in January. That month, Bending Spoons CEO Luca Ferrari announced a $50 million Meetup investment over the next several years. He also announced employment layoffs as part of a restructure that includes transferring the team to Europe and decreasing U.S. workers. That move impacted an unknown number of individuals, according to the business.
IAC also sold Mosaic, which created Clime, Robokiller, and iTranslate, to Bending Spoons. The corporation fired all 330 Mosaic workers.
Bending Spoons bought Evernote in 2022. Evernote laid off 129 employees in February 2023. In November, Evernote limited its free plan to 50 notes to improve profitability. Bending Spoons fired all Filmic employees in December for the popular picture and video editing software it bought in 2022.
Bending Spoons owns Splice and Remini, AI-powered picture editors. The corporation hopes to sell $500 million this year.
Evernote and Meetup owner Bending Spoons raises $155M equity.
