Bending Spoons announces that it has closed a new round $155 million in funding. Durable Capital Partners LP joins existing investors Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital and StarTIP (controlled by Tamburi Investment Partners). The transaction, which values the company at approximately $2.55 billion, will help support new acquisitions. Acquisitions have been the main news of the recent activities of Bending Spoons, which acquired Mosaic Group announcing the start of the operation last month and, also last month, also acquired Meetup, announcing that it wants to transfer the bulk of its operations to Europe, as Luca Ferrari, CEO of Bending Spoons, illustrates in a public letter .
Capital increases, internationalization, events
In August 2023, the company had already announced the raising of €100 million, followed by the current capital increase , and in May 2023 it had raised another €70 million to support the development of the internationalization strategy. In October 2023, Bending Spoons had also organized an international conference on artificial intelligence in Milan with speakers from all over the world and with case histories of applications in various sectors, here is the Startupbusiness report. Synapse, this is the name of the event, has made it possible to highlight both the strength of the international community that follows the initiatives of the Milanese scaleup, and the attention that Bending Spoons has in collaborating to build and spread the culture and knowledge of new technologies.
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