Bending Spoons raised $710 million in recent funding. The massive funding is making headlines. It is an Italian company which acquires market products and manages them for long term.
Bending Spoons is the company that owns Evernote, Komoot, Meetup, Remini, StreamYard, and WeTransfer.
The business goal of Bending Spoons is to buy underperforming digital products, improve them and then sell them at a better price.
Hers is everything about Bending Spoons, funding, business goals, products, and success.
Bending Spoons:
Luca Ferrari, Tomasz Greber, Francesco Patarnello, Luca Querella and Matteo Danieli founded Bending Spoons in 2013. Its headquarters is in Milan, Italy.
Since its origin, Bending Spoons started acquiring digital products. It holds the ownership of digital goods if they are profitable. The company increases the product’s market value before selling them to other clients.
It has 300 million active users across its digital products. 10 million customers are using subscription-based services.
Bending Spoons acquired FiLMiC, Evernote, Mosaic Group from IAC Inc., Meetup, Hopin, StreamYard, Issuu, WeTransfer, Brightcove, Komoot, Harvest, AOL, and Vimeo.
How Bending Spoons Works?
Bending Spoons works on simple strategy. It acquires market ready digital products and then uses subscription methods to generate revenue.
Acquisition:
Acquisition is the first step of Bending Spoons business strategy. The company is looking for market ready products.
It bids and acquires underperforming digital assets.
Bending Spoons has invested billions of dollars in acquiring online businesses.
Overhaul:
After acquisition, the next step Bending Spoons does is to lay off the existing staff.
It moves operations to the low-cost areas to reduce expenses.
Technology:
Bending Spoons introduces technology in digital goods. It uses centralized, in-house engineers to rewrite code and improve technology using AI.
Its developers add multiple features to digital products and make them user friendly.
Subscription Based Model:
Bending Spoons optimize digital products to enable subscription-based services.
It uses same method to monetize products and services.
Profitability:
Bending Spoons’s goal is to keep the products with them for a very long time to maximize profitability.
What are the Revenue Sources of Bending Spoons?
Funds:
Funding is a major revenue source for Bending Spoons. It raised $710 million funding in October 2025. The recent funding has raised the market value of the company.
Bending Spoons’s current market value reached $11 billion.
Subscriptions:
Bending Spoons’s 90% revenue comes from subscription-based services. All its digital products offer works on subscription models.
Recurring subscriptions ensure long-term revenue stream.
Bending Spoons Digital Products Portfolio:
Bending Spoons owns multiple products.
Evernote:
Evernote is a note taking platform where you can bookmark popular websites, pages, and blogs. It has been active since 2008.
Bending Spoons acquired Evernote in 2022.
WeTransfer:
WeTransfer is a Dutch company that offer file transfer services. It is active since 2009.
In 2024, Blending Spoons acquired WeTransfer.
Remini:
Remini is a photo editor app. It uses AI-powered technology.
Remini apps are available on Android and Apple stores.
Meetup:
Meetup is a social meeting platform to create events. It was founded in 2002.
Blending Spoons acquired meetup in 2024. It has 60 million active users.
StreamYard:
StreamYard is a streaming platform for webinars. It was founded in 2018.
StreamYard apps are available on android and apple stores.
In 2021, Hopin acquired StreamYard for $250 million.
Vimeo:
Vimeo is a video sharing platform. It was founded in 2004.
It has more than 260 million users. In September 2025, Blending Spoons acquired Vimeo for $1.38 billion.
AOL:
AOL was founded in 1983 as Control Video Corporation in the United States. In October 2025, Blending Spoons acquired AOL for $1.5 billion.
Conclusion:
Blending Spoons is aggressively running its business of acquiring under-performing market ready digital products.
The goal is to lay off employees, decrease costs, and add features to the original product.
Subscription based model helps Blending Spoons earn millions of dollars in revenue.
FAQs:
What is Blending Spoons?
Blending Spoons is an Italian company.
What is the market value of Blending Spoons?
It has $11 million worth of market value.
How did Blending Spoons raise $710 Million Funding?
Blending Spoons raised 270 million in fresh funds. Its shareholders sold $440 million worth of shares.
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