Evernote and Meetup proprietor Bending Spoons raises $155M in fairness financing

Bending Spoons, the proprietor of in style apps and providers like Evernote and Meetup, introduced at the moment that it has raised $155 million in a brand new fairness financing spherical at a $2.55 billion post-money valuation.

Sturdy Capital Companions led the spherical with current buyers, comparable to Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital and StarTIP (managed by Tamburi Funding Companions) additionally collaborating. The corporate mentioned that it’ll use the brand new money infusion to accumulate extra manufacturers.

Bending Spoons has already began its acquisition spree this 12 months. In January, the corporate acquired occasions startup Meetup. Later that month, Bending Spoons CEO Luca Ferrari mentioned that the corporate would make investments $50 million within the coming years into Meetup. He additionally introduced that there can be job cuts as a part of a restructuring effort that included shifting the workforce to Europe and decreasing the U.S. employees. The corporate didn’t specify the precise variety of folks affected by that transfer.

On the identical time, IAC bought Mosaic, which made a go well with of in style cell apps comparable to Clime, Robokiller, and iTranslate, to Bending Spoons. The corporate laid off all 330 workers from Mosaic.

In 2022, Bending Spoons acquired the note-taking app Evernote. In February 2023, it laid off 129 folks from the note-taking startup’s employees. Final November, the corporate determined to limit Evernote’s free plan to simply 50 notes in a push for higher monetization. In December, Bending Spoons additionally laid off all the employees of Filmic, the favored photograph and video modifying app which it acquired in 2022.

Bending Spoons additionally owns manufacturers like video editor Splice and AI-powered photograph editor Remini. The corporate is claimed to be eyeing $500 million in gross sales this 12 months.

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