"Twelve-year-old Milan-based tech conglomerate Bending Spoons has quietly become one of the tech industry's most prolific buyers, now owning Meetup, WeTransfer and many others, but it remains largely unknown to the general public. So what exactly is Bending Spoons? Despite its catchy name, the company has stayed remarkably under the radar, and it typically makes headlines only when it adds another recognizable brand to its portfolio - the latest in date being Eventbrite, which it agreed to buy for $500 million last December."
"But Bending Spoons isn't a traditional private equity firm or a pure financial investment vehicle. Its focus is on acquiring underperforming but popular tech brands, then transforming them to serve millions of users more efficiently. The company tends to make news when it restructures these acquired companies, often through significant layoffs, or makes controversial changes to beloved products - as it did with both Evernote and WeTransfer."
Bending Spoons is a Milan-based tech conglomerate that acquires and transforms digital businesses. The company focuses on buying underperforming but popular tech brands and remaking them to serve millions of users more efficiently. The company owns Meetup, WeTransfer and agreed to buy Eventbrite for $500 million. The company employs 400–500 employees called "Spooners". Its roster of products has served more than a billion people, with over 300 million monthly active users and 10 million paying customers. The company often restructures acquisitions, including significant layoffs, and has made controversial changes to products like Evernote and WeTransfer. The company traces origins to Evertale, a Copenhagen startup that raised seed funding for a photo-sharing app called Wink.
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