Italian app developer Bending Spoons valued $2.55 bln after $155 mln capital hike
15/02/2024 11:22
ROME, Feb 15 (Reuters) - Italian app developer Bending
Spoons raised $155 million through its latest capital increase,
taking the company's valuation to $2.55 billion, it said on
Thursday.
Founded in 2013, Bending Spoons has recently attracted the
interest of institutional and private investors including
Italian bank Intesa Sanpaolo ISP.MI and Hollywood actor Ryan
Reynolds.
In January it agreed to buy the digital assets of Mosaic
Group, a mobile software subsidiary of IAC IAC.O , and Meetup,
a social network with 60 million members worldwide used to
organise in-person and virtual events and gatherings.
The latest round of financing will contribute to sustaining
new acquisitions, Bending Spoon said in a statement.
It added that Durable Capital Partners LP joined existing
investors, which include Baillie Gifford, Cox Enterprises, NB
Renaissance, NUO Capital and Tamburi Investment Partner unit
StarTIP.
(Reporting by Alessandro Parodi, editing by Alvise Armellini,
Kirsten Donovan)
((Alessandro.Parodi@thomsonreuters.com;))