A major force in visual collaboration is about to change hands. Bending Spoons has entered into a definitive agreement to acquire Miro in a deal that values the company at $1.35 billion in enterprise value, or around $1.79 billion in equity value after accounting for Miro’s net cash.
The transaction brings together Bending Spoons and a software company that has become part of how teams organize ideas, projects, and critical work. The deal is expected to close in Q4 2026, pending typical closing conditions and approvals, including regulatory clearances.
Miro Has Built a Huge Enterprise Footprint
Founded in 2011, Miro now has 1,600 employees across 13 hubs worldwide. Nearly four million paying users depend on its visual collaboration software, while more than 750 customers generate over $100,000 in annual recurring revenue.
That customer base has helped Miro grow to around $600 million in annual recurring revenue. Approximately 90% of that revenue comes from business and enterprise customers, showing how firmly the platform has moved into high-value workplace operations.
More than 250,000 organizations have integrated Miro into their workflows. That reach gives the acquisition a clear focus: Bending Spoons is taking on a platform that already sits inside the daily work of companies across a broad global network.
Andrey Khusid, CEO and co-founder of Miro, described the company’s path from its beginning to its current role as an AI-first workspace.
“We started Miro fifteen years ago to give teams one place to think together and bring ideas to life. It has become something more: an AI-first workspace that teams run their most important work through.”
Khusid added, “Partnering with Bending Spoons lets us deliver on that vision with ambition, for the customers who count on us.”
A $1.35 Billion Bet on Collaborative Work
The headline enterprise value stands at $1.35 billion, but the deal’s implied equity value reaches around $1.79 billion when Miro’s net cash enters the calculation. Certain Miro shareholders will also reinvest $295 million from their proceeds into new equity issued by Bending Spoons.
That reinvestment keeps those shareholders connected to the company’s next chapter while Bending Spoons prepares to take ownership. The structure points to a transaction focused on continuing Miro’s growth rather than simply transferring control.
Luca Ferrari, CEO and co-founder of Bending Spoons, highlighted the scale of Miro’s existing platform and customer base.
“It’s a privilege, and no small responsibility, to welcome a product that over 250,000 organisations have integrated into their workflows. Miro has grown to around $600m in annual recurring revenue, nearly 90% from business and enterprise customers.”
Ferrari also outlined what Bending Spoons plans to prioritize after the transaction closes.
“After closing, we plan to invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work. We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception.”
What Comes Next for Miro
The next milestone is Q4 2026, when the deal is expected to close if it clears the required conditions and approvals. Until then, the agreement remains contingent on typical closing conditions and regulatory clearances.
After closing, Bending Spoons plans to invest in three areas that sit at the center of Miro’s customer experience:
- Performance that supports the demands of critical collaborative work
- Reliability for teams and organizations that depend on Miro
- Functionality that helps customers carry out collaborative work
Miro enters this transition with a substantial operating base: 1,600 employees, 13 hubs, nearly four million paying users, more than 750 customers with over $100,000 in annual recurring revenue, and over 250,000 organizations using the platform in their workflows.
Those numbers define the opportunity ahead. Bending Spoons is acquiring an AI-first workspace with deep business and enterprise adoption, then committing to own and operate it for the long term. If the transaction receives the needed approvals and closes as expected, Miro’s next phase will begin with scale, revenue, and a clear mandate to strengthen the collaboration tools its customers already rely on.
