Bending Spoons $155 Million Triumph
On Thursday, Bending Spoons, the renowned Italian app development powerhouse, secured an impressive $155 million in its latest capital infusion, elevating the company’s valuation to a formidable $2.55 billion. Established in 2013, Bending Spoons has become a beacon for institutional and private investors, attracting attention from notable entities such as Italian banking giant Intesa Sanpaolo and Hollywood luminary Ryan Reynolds.
In a decisive move earlier this year, Bending Spoons finalized the acquisition of the digital assets of Mosaic Group, a mobile software subsidiary under IAC, and Meetup, the globally-utilized social network with a robust 60 million members, facilitating both in-person and virtual events.
The infusion of capital from this latest financing round is earmarked for propelling additional strategic acquisitions, as outlined in Bending Spoons’ official statement. Noteworthy in this development is the inclusion of Durable Capital Partners LP among existing investors, joining eminent backers such as Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and Tamburi Investment Partner unit StarTIP.
This strategic move underscore visionary trajectory, positioning itself for sustained growth and innovation within the ever-evolving technological landscape. The inclusion of diverse and influential investors reaffirms the company’s strategic foresight, solidifying its standing as a key player in the dynamic world of app development.
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