Bending Spoons to buy collaboration tools maker Miro for $1.36B, 90% less than its 2022 valuation
Executive Take
Miro's collapse shows how fast pandemic-era collaboration tools lost their premium once hybrid work normalized. Expect more down-round exits among 2021-vintage SaaS unicorns still holding inflated valuations.
Executive Summary
Italian app company Bending Spoons is acquiring workplace collaboration tool maker Miro for $1.36 billion. Miro was valued at $17.5 billion in late 2021, meaning the deal values it roughly 90% lower than its peak private valuation.
Why It Matters
Technology and enterprise software leaders should note that collaboration tool spend has cooled sharply since the pandemic boom. HR and future-of-work leaders evaluating vendors should watch for consolidation and product changes as Miro changes hands.
Bizquad Perspective
The real story isn't Miro's fall, it's that Bending Spoons now owns a growing pile of once-hyped software brands and is quietly building a rollup playbook out of pandemic-era wreckage.