Bending Spoons announced it will acquire collaboration tools maker Miro for $1.36 billion, a price 90% lower than Miro’s valuation in 2022, according to techcrunch.com. The deal marks a significant shift for Miro, which had been valued at nearly $14 billion just four years ago. The acquisition was confirmed on September 10, 2026.
The acquisition process involved negotiations reflecting the changed market conditions for software collaboration platforms. Bending Spoons, an Italian software company, agreed to the purchase after Miro’s valuation plummeted amid a broader tech market downturn. The deal was finalized following due diligence and strategic discussions between the two companies’ leadership teams, as detailed by techcrunch.com.
This acquisition highlights the volatility in the tech startup valuation landscape, especially for SaaS companies focused on collaboration tools. Miro’s steep valuation drop contrasts with its rapid growth phase in 2022, illustrating the challenges in sustaining high valuations amid shifting investor sentiment. Comparable deals in the sector have also seen downward valuation adjustments, underscoring the recalibration of market expectations, according to techcrunch.com.
The transaction closes a notable chapter for Miro, which will now operate under Bending Spoons’ ownership. The deal’s completion date was set for September 10, 2026, with both companies confirming the terms publicly. This acquisition is among the largest in the European software space this year, reflecting ongoing consolidation trends in the collaboration software market.