Bending Spoons Raises $710M at $11B Valuation Following AOL Acquisition

Bending Spoons, an Italian tech conglomerate known for acquiring and revitalizing struggling tech brands, has raised $710 million in a funding round that values the company at $11 billion, a significant increase from its $2.8 billion valuation in 2024. The funding consists of $270 million in new equity and $440 million in secondary share sales, complemented by a $2.8 billion debt facility, positioning the company to pursue further acquisitions and invest in proprietary technologies and artificial intelligence. Recently, Bending Spoons acquired AOL, Vimeo, WeTransfer, Evernote, Brightcove, and Komoot, reflecting its aggressive expansion strategy. CEO and co-founder Luca Ferrari highlighted the funding as a validation of the company's decade-long efforts and emphasized ambitious plans for continued growth and technological development. The company is expected to generate $1.2 billion in revenue this year and is considered a potential candidate for a U.S. initial public offering. The substantial financial backing and strategic acquisitions underscore Bending Spoons' commitment to strengthening its market presence and advancing its AI capabilities.