Bending Spoons Acquires Airtable for $1.28 Billion, Marking Sharp Decline from $11B Peak
Bending Spoons, an Italian software company known for productivity and creative applications, has announced its acquisition of Airtable for $1.28 billion. The deal represents a steep decline from Airtable's $11 billion valuation during its peak in 2021, when the no-code platform was attracting significant investor interest. Earlier this year, Airtable shares were reportedly trading on secondary markets at approximately $4 billion, setting the stage for a valuation well below its former highs.
Airtable, which combines spreadsheet functionality with database capabilities, became a popular tool for businesses seeking flexible workflow solutions without extensive coding requirements. The company raised over $1 billion in funding at its height, backed by investors including Salesforce Ventures and Benchmark.
The acquisition by Bending Spoons—whose portfolio includes apps like Meetup and Filmic—highlights the continued consolidation in the software sector as growth expectations recalibrate following the boom years of 2020-2021.