Bending Spoons to Acquire Airtable for $1.28 Billion in First Deal Since Its IPO

Bending Spoons, the acquisitive app studio that went public last month, said Tuesday it has agreed to buy Airtable, the spreadsheet-and-database platform, for $1.28 billion in cash — its first acquisition since its IPO.

The Deal

TechCrunch reported on August 4 that the all-cash transaction values Airtable at roughly $2.25 billion including its current net cash balance. Airtable, founded in 2013, raised more than $1.4 billion across funding rounds and was valued at over $11 billion at its 2021 peak; earlier this year its shares were trading on secondary markets at around a $4 billion valuation.

"Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows," Bending Spoons founder Luca Ferrari said in a statement. "The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026."

The Company

Airtable says it serves more than 500,000 organizations, including 80% of the Fortune 100. In January it unveiled Superagent, an orchestration platform that lets users spin up teams of AI agents. The company has been led by co-founder Howie Liu since its launch.

The Buyer's Playbook

Bending Spoons, which listed in July at an $18 billion valuation, typically acquires companies trading at a discount to their private valuations, then trims staff and streamlines products to push them toward profitability. Its portfolio already includes Evernote, WeTransfer, Eventbrite, and Vimeo. Airtable now joins that stable — a test of whether the Milan-based group can do for low-code databases what it has done for note-taking and file-sharing apps.