TLDR Tech / Practical
Bending Spoons valuation reaches $24B with 8x ARR, acquiring B2B firms at low multiples
Bending Spoons has seen its revenue climb 126% in its initial 102 days as a public entity, largely due to six acquisitions, while organic growth contributed 3%. The company acquired businesses such as Miro, Airtable, and Vimeo at multiples of their annual recurring revenue (ARR) that were between 2.3x and 2.7x. Bending Spoons maintains a small core staff and uses AI for over 90% of its code generation. Data indicates the company's stock is valued at approximately 7 to 8 times its revenue, suggesting that revenue from acquired companies is more valuable within its business model.
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