Bending Spoons has entered into a definitive agreement to acquire Miro at an enterprise value of $1.355 billion, adding the AI-powered collaborative workspace to a portfolio that already includes Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo and WeTransfer.
Miro’s net cash brings the implied equity value of the transaction to approximately $1.79 billion. The acquisition will be an all-cash transaction, although certain Miro shareholders have agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity.
The transaction has been unanimously approved by the boards of both companies and is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary closing conditions. Bending Spoons will acquire 100% of Miro’s issued and outstanding shares, with the companies continuing to operate independently until closing.
Miro has grown to approximately $600 million in annual recurring revenue, with nearly 90% generated from business and enterprise customers. More than 250,000 organizations have integrated the platform into their workflows.
The company has nearly 4 million paying users, including more than 750 customers generating over $100,000 in ARR. Overall, Miro serves more than 100 million users across 250,000 customers.
Miro describes its product as an AI Innovation Workspace that brings people and AI together on a shared canvas for activities ranging from early discovery and planning through product development and final delivery.
Following completion, Bending Spoons plans to invest in Miro’s performance, reliability and functionality supporting collaborative work. The acquisition follows Bending Spoons’ completion of its acquisition of Airtable last week.
Bending Spoons’ acquisition strategy centers on buying digital businesses, making operational and technology changes to improve their performance and retaining them for the long term. The company said it has followed the model for more than a decade and has never sold a material business.
BNP Paribas and J.P. Morgan are serving as co-financial advisors to Bending Spoons, with Latham & Watkins serving as legal counsel. Morgan Stanley is Miro’s exclusive financial advisor and Goodwin Procter is serving as legal counsel.
KEY QUOTES:
“It’s a privilege, and no small responsibility, to welcome a product that over 250,000 organizations have integrated into their workflows,” said Luca Ferrari, Bending Spoons CEO and co-founder. “Miro has grown to around $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. We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception.”
Luca Ferrari, CEO and Co-Founder of Bending Spoons
“We started Miro fifteen 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 Andrey Khusid, CEO and co-founder of Miro. “Nearly 4 million paying users depend on it, across every industry and region we serve, including more than 750 customers with over $100,000 in annual recurring revenue. The best version of Miro is still ahead of us. Partnering with Bending Spoons lets us deliver on that vision with ambition, for the customers who count on us. I’m deeply grateful to all Mironeers, partners, users, customers, and investors who have been part of Miro’s journey over the last fifteen years. Miro would not be what it is today without you, and I’m excited to see what will be built in this next chapter.”
Andrey Khusid, CEO and Co-Founder of Miro
