Bending Spoons to buy Airtable for $1.28B
Quick Answer
Bending Spoons has agreed to acquire Airtable for $1.28 billion in cash, marking its first acquisition post-IPO.
Quick Take
Airtable, valued at approximately $2.25 billion, has seen a 20% YoY growth in annual recurring revenue, reaching around $480 million as of June 2026.
Key Points
- Bending Spoons went public with an $18 billion valuation in July 2026.
- Airtable has raised over $1.4 billion since its founding in 2013.
- Airtable serves over 500,000 organizations, including 80% of Fortune 100.
- The acquisition aims to accelerate innovation and streamline operations.
- Bending Spoons has previously acquired brands like Evernote and Vimeo.
DeepSignal Analysis
What happened
Bending Spoons has announced its acquisition of Airtable for $1.28 billion in cash, marking its first acquisition since going public. Airtable, founded in 2013, has raised over $1.4 billion and was valued at approximately $2.25 billion at the time of the acquisition, down from a peak of over $11 billion in 2021.
Key evidence
- Bending Spoons agreed to acquire Airtable for $1.28 billion in cash, its first acquisition post-IPO.
- Airtable has raised over $1.4 billion since its founding in 2013 and was valued at about $2.25 billion at the time of the acquisition.
- Airtable reported a 20% year-over-year growth in annual recurring revenue, reaching approximately $480 million as of June 2026.
Why it matters
This acquisition reflects Bending Spoons' strategy of acquiring companies at a discount to their previous valuations. Airtable's significant revenue growth indicates its strong market position, which could enhance Bending Spoons' portfolio. The deal may also signal a shift in Airtable's trajectory, as it seeks to innovate further under new ownership.
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Posted:
In its first acquisition since going public last month, Bending Spoons on Tuesday said that it has agreed to buy spreadsheet and database startup Airtable for $1.28 billion in cash.
Founded in 2013, Airtable has so far raised over $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion.
With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said.
“Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026, and joining forces with Bending Spoons will accelerate innovation even further,” Bending Spoons’ founder Luca Ferrrai said in a statement.
In January, Airtable unveiled a new product line under the Superagent moniker: an orchestration platform that can help users spin up a team of AI agents to do tasks. The company’s CEO, Howie Liu, said at the time that Airtable serves over 500,000 organizations, including 80% of the Fortune 100.
Bending Spoons, which went public at an $18 billion valuation in July, typically acquires companies that are trading at a decent discount to their private valuations, trims the staff, streamlines products, and tries to make them run profitably.
The company has so far acquired several notable brands, including Evernote, WeTransfer, EventBrite and Vimeo.
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