Milan-based Bending Spoons, a mobile app developer, announced that it has secured $155M (nearly €144.41M) in an equity funding round. The company will use the additional capital for strategic acquisitions.
This investment values the company at $2.55B (approximately €2.37B) post-funding.
Investors supporting Bending Spoons
The investment came from Durable Capital Partners LP. Existing investors, including Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP (controlled by Tamburi Investment Partners) also participated in this round.
Allen & Company LLC served as the financial adviser, and Clifford Chance acted as the legal adviser to Bending Spoons in this deal.
Brief about Bending Spoons
Bending Spoons was founded in 2013 and has served over half a billion people globally through its suite of digital technology products, including Evernote, Meetup, Remini, and Splice.
The company’s technology includes:
- Minerva: The AI-driven crystal ball. Minerva offers predictive analytics technology, boasting a core machine learning model. Its predictive capabilities enable the company to achieve automation and optimisation across any scale, propelling data-driven decision-making.
- Lumen: Actionable insights from raw data. Lumen empowers engineers to extract actionable insights from raw data through easy-to-maintain data pipelines. Handling large volumes—dozens of terabytes—Lumen transforms input into fresh, distilled information, for informed decision-making.
- Fellini: The mobile video editing engine. At the heart of Splice’s interface lies Fellini, a rendering engine. With Fellini, users can blend an infinite array of audio and visual elements into a multi-layered timeline.
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