● Covered by 1 source · 1 reportMedium impact1 neutral
Bending Spoons acquires Airtable for $1.28 billion in cash
Key points
- Bending Spoons acquired Airtable for $1.28 billion cash.
- Airtable was valued at $11 billion in 2021, now $2.25 billion.
- Airtable's annual recurring revenue is $480 million as of June 2026.
- Airtable serves over 500,000 organizations, including 80% of Fortune 100.
Acquisition Details
Bending Spoons, which went public last month, announced on Tuesday its agreement to acquire Airtable, a spreadsheet and database startup, for $1.28 billion in cash. This is Bending Spoons' first acquisition since its public offering.
Airtable's Valuation History
Founded in 2013, Airtable has raised over $1.4 billion in funding. Its valuation peaked at over $11 billion in 2021. Earlier this year, its shares traded on secondary markets at a $4 billion valuation, and Bending Spoons now values Airtable at approximately $2.25 billion based on its net cash-and-cash-equivalents balance.
Airtable's Market Position and Growth
Airtable's annual recurring revenue is projected to grow over 20% year-over-year to approximately $480 million as of June 2026. The company serves over 500,000 organizations, including 80% of the Fortune 100. In January, Airtable introduced Superagent, an orchestration platform for AI agents.
Bending Spoons' Acquisition Strategy
Bending Spoons, which had an $18 billion valuation when it went public in July, typically acquires companies trading at a discount to their private valuations. Its strategy involves staff reductions, product streamlining, and efforts to achieve profitability. Previous acquisitions include Evernote, WeTransfer, EventBrite, and Vimeo.
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Reporting from
Bending Spoons announced its acquisition of Airtable for $1.28 billion in cash, marking its first acquisition since going public last month. This acquisition allows Bending Spoons to integrate Airtable's data organization and workflow management platform into its portfolio, potentially accelerating innovation for Airtable's 500,000 organizational users.