Bending Spoons: Rising Billionaires in Tech and Future Plans
Bending Spoons, the Milan-based tech conglomerate, is making waves as its co-founders join the ranks of billionaires. With substantial financial backing and ambitious acquisition plans, the company is set to reshape the digital landscape.
Who are the Billionaire Founders?
CEO Luca Ferrari’s stake in Bending Spoons is valued at approximately $1.4 billion, while his co-founders—Matteo Danieli, Luca Querella, and Francesco Patarnello—each hold stakes worth around $1.3 billion. This shift into billionaire territory follows a significant funding round, where Bending Spoons raised $270 million from prominent investors such as T. Rowe Price and Fidelity, alongside a $440 million secondary share sale by existing shareholders. However, details regarding the co-founders’ potential stock sales remain undisclosed.
What is Bending Spoons?
Bending Spoons primarily focuses on acquiring and revitalizing underperforming digital brands. With a workforce of approximately 400 to 500 employees, the company aims to enhance the products and services it acquires. Founded from the remnants of a failed startup, the company initially attempted to create its own applications before pivoting to acquisitions.
Key Acquisitions
Bending Spoons has acquired several notable companies in recent years. Among its significant acquisitions are Filmic and Evernote, both of which faced restructuring post-acquisition. In 2024, the company expanded its portfolio by acquiring Meetup and WeTransfer, with subsequent layoffs and product changes following these deals. More recently, it announced plans to acquire AOL and Vimeo, which are expected to close by year-end.
Bending Spoons’ Valuation
As of late October 2025, Bending Spoons is recognized as a tech decacorn, boasting a valuation exceeding $10 billion. Its noteworthy growth stems from various rounds of equity financing, including one in 2024 that raised $2.8 billion. The company’s financial strategy is notable, with backers including high-profile investors such as Andre Agassi and The Weeknd, supporting future acquisitions and technological advancements.
What’s Next for Bending Spoons?
Looking ahead, Bending Spoons plans to continue its acquisition spree, targeting both consumer and enterprise digital products. The recent deals for AOL and Vimeo not only enhance its portfolio but also extend its market reach. Importantly, the company is actively hiring, having received over 600,000 job applications in 2025, indicating strong interest and growth potential.
Conclusion
Bending Spoons’ ascendancy within the tech sector highlights its unique business model and ambition to transform digital brands. With substantial financial backing and strategic acquisitions, the company is poised to make a significant impact on the tech landscape.
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