Total amount raised
$1.3 Billions
Latest funding date
Location
Bending Spoons has successfully raised significant funding through multiple rounds, including a recent debt financing round. The company is backed by notable investors such as Silver Point Capital and Cox Enterprises.
Continue reading to delve into the details of Bending Spoons' fundraising journey and the strategic investors supporting its growth.
What Is Bending Spoons?
Bending Spoons, founded in June 2013, is a technology company based in Milan, Italy. The company specializes in developing mobile applications that enhance user experiences.
Founded by Francesco Patarnello, Luca Ferrari, Luca Querella, Matteo Danieli, and Tomasz Greber, Bending Spoons has grown significantly over the years. The company now employs between 251 and 500 people.
Some of their notable apps include Splice, 8fit, Remini, Evernote, Meetup, StreamYard, and WeTransfer. These applications leverage advanced technology to provide high-quality user experiences.
How Much Funding Has Bending Spoons Raised?
- Debt Financing
- Amount Raised: $340M
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and expansion.
- Debt Financing
- Amount Raised: €70M
- Date: May 2023
- Lead Investors: Intesa Sanpaolo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for strategic initiatives.
- Venture Round
- Amount Raised: €100M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and develop new products.
- Venture Round
- Amount Raised: $30.4M
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance existing applications and user experiences.
- Venture Round
- Amount Raised: €144.4M
- Date: January 2024
- Lead Investors: Durable Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an initial public offering (IPO).
- Debt Financing
- Amount Raised: $600M
- Date: March 2025
- Lead Investors: Silver Point Capital, L.P.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support acquisitions and further growth.
Total Amount Raised: $1.2B
Current Valuation: Not publicly disclosed
Key Investors
- Silver Point Capital, L.P.
- Details: Silver Point Capital, L.P. is a private investment firm specializing in credit and special situations. Founded in 2002, it manages a diverse portfolio of investments.
- Investment Focus Areas: Credit, special situations, distressed assets.
- Notable Investments: Bending Spoons, iHeartMedia, Toys "R" Us.
- Durable Capital Partners
- Details: Durable Capital Partners is an investment management firm focused on long-term investments. It was founded by Henry Ellenbogen, a former T. Rowe Price portfolio manager.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Robinhood, DoorDash, Bending Spoons.
- Intesa Sanpaolo
- Details: Intesa Sanpaolo is one of Italy's largest banking groups, providing a wide range of financial services. It has a strong presence in Europe and a growing international footprint.
- Investment Focus Areas: Banking, financial services, asset management.
- Notable Investments: Bending Spoons, Nexi, SIA.
- NB Renaissance
- Details: NB Renaissance is part of Neuberger Berman, an independent, private, and employee-owned investment manager. It focuses on long-term investments in high-quality companies.
- Investment Focus Areas: Technology, industrials, healthcare.
- Notable Investments: Engineering, OverIT, Inetum.
- Cox Enterprises
- Details: Cox Enterprises is a global conglomerate with investments in various sectors, including communications, automotive, and media. It is a family-owned business with a long history of innovation.
- Investment Focus Areas: Communications, automotive, media.
- Notable Investments: Autotrader, Kelley Blue Book, Bending Spoons.
What's Next for Bending Spoons?
With a fresh €100 million in funding, Bending Spoons is poised to expand its operations and invest in new technologies. This substantial capital injection opens doors for large-scale projects and strategic acquisitions, positioning the company for significant growth in the dynamic TMT sector.
Looking ahead, Bending Spoons is eyeing an IPO, bolstered by strong investor confidence and substantial financing from major Italian banks. This trajectory suggests continued fundraising opportunities and potential for further equity financing rounds. However, the company must navigate the complexities of scaling operations and maintaining growth in a competitive market.
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