Bending Spoons, a Milan-based tech conglomerate, has recently seen its four cofounders catapulted into the billionaire ranks. CEO Luca Ferrari’s stake in the company is now estimated to be worth $1.4 billion, while cofounders Matteo Danieli, Luca Querella, and Francesco Patarnello each hold stakes worth $1.3 billion. These valuations come following Bending Spoons’ latest funding round, which saw a $270 million investment from prominent investors such as T. Rowe Price and existing backers like Baillie Gifford and Fidelity.
Despite its low profile, Bending Spoons has been making waves in the tech industry by acquiring underperforming tech brands and revamping them to better serve millions of users. The company’s approach involves making significant changes to the products it acquires, often resulting in layoffs or controversial modifications to beloved services. Bending Spoons has managed to amass a user base of over a billion people, with 300 million monthly active users and 10 million paying customers.
Originating from the remnants of a failed startup, Bending Spoons has evolved into a powerhouse in the tech world, focusing on acquiring and transforming digital businesses. The company prides itself on improving products and services created by others, rather than developing its own apps from scratch. Bending Spoons’ strategy involves identifying popular products with potential for improvement, acquiring them, and implementing changes to enhance user experience, features, and monetization strategies.
Over the years, Bending Spoons has made several notable acquisitions, including AI photo enhancer Remini and popular video and photo editing app Filmic. The company has also acquired well-known brands like Evernote, Meetup, Mosaic Group, and Hopin’s StreamYard. These acquisitions have propelled Bending Spoons into the realm of tech decacorns, with a valuation exceeding $10 billion as of October 2025.
Looking ahead, Bending Spoons plans to continue expanding its portfolio through strategic acquisitions. The company recently announced its intention to acquire AOL and Vimeo, two high-profile properties with substantial user bases. With a focus on consumer and enterprise digital products, Bending Spoons aims to leverage its recent funding to pursue larger targets in the future.
As Bending Spoons forges ahead with its acquisition strategy, the company is actively recruiting new talent to support its growth. Job opportunities are available at various locations, including the company’s headquarters in Milan, as well as offices in London, Madrid, and Warsaw. Despite its demanding environment, Bending Spoons has already received an influx of job applications, signaling the company’s growing prominence in the tech industry.
