Bending Spoons acquires Airtable
Acquisition Provisional 98% confidence first seen
Bending Spoons, an Italy-based technology holding company, announced an all-cash acquisition of Airtable, a cloud-based spreadsheet and workflow automation platform, for $1.285 billion. The deal values Airtable significantly below its $11.7 billion valuation from a 2021 Series F funding round, despite the company having 500,000 organizational users and $480 million in annual recurring revenue. Bending Spoons, which recently went public on Nasdaq, plans to expand Airtable's capabilities and integrate it with its portfolio of productivity tools, with the acquisition expected to close by year-end.
Decision brief
- What changed
- Bending Spoons announced an all-cash $1.285 billion acquisition of Airtable, a cloud-based spreadsheet and workflow automation platform, valuing it at less than a ninth of its $11.7 billion 2021 Series F valuation despite 500,000 organizational users and $480 million in ARR; the deal is expected to close by year-end.
- Why it matters
- This is a stark down-round exit that signals continued repricing of late-stage 2021-era software valuations, even for a company with substantial recurring revenue and a large user base. Enterprise customers of Airtable should watch for product roadmap and pricing changes as it is folded into Bending Spoons' productivity portfolio, and the deal offers a data point for CFOs and CEOs benchmarking valuations in workflow/productivity software M&A.
- Evidence
- The claim is based on a single SiliconANGLE AI article reporting the deal terms, valuation comparison, and Airtable's user/revenue figures; no independent corroborating source is included in the provided coverage.
- What remains uncertain
- It's unclear why Airtable accepted such a steep valuation cut (e.g., funding pressure, investor liquidity needs, or strategic fit) and what specific integration plans Bending Spoons has for Airtable's product or team. The single-source nature of this coverage means deal terms and figures are not yet independently verified.
- Monitor next
- Watch for regulatory filings or additional press confirming deal closure by year-end and any statements on Airtable's leadership, product roadmap, or customer retention post-acquisition.
Analytical support, not advice — assumptions and open questions stated above.