Bending Spoons Acquires Airtable for $2.25 Billion, Valuation Drops by 80%

Italian app developer Bending Spoons SpA has agreed to acquire American software company Airtable for a total equity value of $2.25 billion, with the transaction to be completed in cash. After deducting Airtable's net cash of approximately $965 million, the enterprise value is about $1.29 billion. This price represents a significant drop of around 80% from Airtable's valuation of $11.7 billion in 2021. Founded in 2013, Airtable provides tools that allow non-technical employees to build customized applications. At the end of 2021, it raised $735 million at a valuation of $11.7 billion but failed to go public as planned within "a few years." Like many software companies, it has struggled to maintain stable growth due to the impact of generative AI tools. As of June 2026, Airtable's annual recurring revenue is approximately $480 million. This marks Bending Spoons' first acquisition since its NASDAQ listing on July 1, and after the deal is completed, Airtable will gain resources to advance its AI-native platform development, although its operational model is similar to private equity, which typically involves layoffs and restructuring of acquired companies.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.