Bending Spoons, the owner of popular apps and services like Evernote and Meetup, today announced that it has raised $155 million in a new equity funding round at a post-money valuation of $2.55 billion.
Durable Capital Partners led the round, with participation from existing investors including Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP (managed by Tambuli Investment Partners). The company said it would use the new cash injection to acquire more brands.
Bending Spoons has already begun an acquisition spree this year. The company acquired event startup Meetup in January. Later that month, his CEO of Bending Spoons, Luca Ferrari, announced that the company would invest his $50 million in Meetup over the next few years. He also announced layoffs as part of a restructuring that includes relocating the team to Europe and reducing American staff. The company did not reveal the exact number of people affected by the measure.
At the same time, IAC sold Mosaic, the developer of popular mobile apps like Crime, Robokiller, and iTranslate, to Bending Spoons. The company laid off all 330 Mosaic employees.
In 2022, Bending Spoons acquired note-taking app Evernote. In February 2023, the company laid off 129 staff members at the note-taking startup. Last November, the company decided to limit Evernote's free plan to 50 notes in an effort to improve monetization. In December, Bending Spoons laid off the entire staff of popular photo and video editing app Filmic, which it acquired in 2022.
Bending Spoons also owns brands such as video editor Splice and AI-powered photo editor Remini. The company is said to be expecting sales of $500 million this year.