Miro

Collaboration Software · SaaS · Productivity

Acquisition

Bending Spoons closes $1.36B all-cash purchase of Miro

The price lands roughly 92% below Miro's 2022 funding valuation, showing how sharply remote-work software multiples have cooled even for profitable companies.

• Bending Spoons completed its all-cash acquisition of Miro on October 26, 2026, after signing the deal on September 10, 2026, at a $1.355 billion enterprise value.
• Miro is a visual collaboration whiteboard platform used by over 250,000 organizations and nearly 4 million paying customers, generating about $600 million in annual recurring revenue.
• Counting Miro's net cash, the deal's equity value rises to about $1.79 billion, and some Miro shareholders chose to roll $295 million of their proceeds into newly issued Bending Spoons shares.
• The sale price is roughly 92% below Miro's $17.5 billion valuation set in its January 2022 $400 million Series C, even though the company remains profitable with strong recurring revenue.
• Miro is Bending Spoons' second buyout of a once richly-valued SaaS firm this fall, after Airtable's $1.285 billion deal, with both acquired at roughly 2.3-2.7 times annual recurring revenue.
• The deal signals that even cash-generative, pandemic-era software winners are being repriced far below their peak private valuations as buyers favor discounted, profitable targets over growth-at-any-cost multiples.