Bending Spoons has entered into a definitive agreement to acquire Miro at an enterprise value of US$1.355 billion.
Together with Miro’s net cash, this implies an equity value of approximately US$1.79 billion.
In connection with the all-cash transaction, certain Miro shareholders have agreed to invest US$295 million of their proceeds into newly issued Bending Spoons equity.
The acquisition, including the investment, is subject to customary closing conditions and approvals, including regulatory approvals.
“It’s a privilege, and no small responsibility, to welcome a product that over 250,000 organisations have integrated into their workflows,” said Luca Ferrari, CEO and co-founder of Bending Spoons.
He noted that Miro has grown to around US$600 million 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,” he said. “We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception.”
Andrey Khusid, CEO and co-founder of Miro, said that nearly 4 million paying users depend on Miro, across every industry and region we serve, including more than 750 customers with over US$100,000 in annual recurring revenue.
“We started Miro 15 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,” said Khusid.
Under the terms of the agreement, which was unanimously approved by the boards of directors of Bending Spoons and Miro, Bending Spoons will acquire 100% of the issued and outstanding shares of Miro.
The transaction is expected to close in the fourth quarter of 2026, subject to receipt of required regulatory approvals and other customary closing conditions. Until the transaction closes, both companies will continue to operate independently.
