Archive — US — techcrunch
Bending Spoons to buy Airtable for $1.28B
Bending Spoons has agreed to acquire Airtable for $1.28 billion, marking its first acquisition after going public. Airtable, founded in 2013, previously reached a valuation of over $11 billion but currently stands at approximately $2.25 billion. This acquisition aims to enhance innovation and revenue growth, as Airtable's annual recurring revenue has increased over 20% year-over-year.
Key points
- Bending Spoons' acquisition of Airtable for $1.28 billion is its first since going public.
- Airtable, founded in 2013, has raised over $1.4 billion and has seen its valuation drop from over $11 billion to approximately $2.25 billion.
- Airtable's annual recurring revenue has grown over 20% YoY, reaching about $480 million as of June 2026.
- Airtable serves over 500,000 organizations, including 80% of the Fortune 100.
- Bending Spoons historically targets companies with private valuations higher than current trading values, aiming to restructure and streamline acquisitions.
Why it matters
- Bending Spoons' acquisition strategy mirrors trends in 2025 IT, where companies aggressively pursue innovative tech startups.
- The consolidation in tech mirrors past market behaviors, particularly during booms when companies leverage lower valuations to acquire valuable products.
- Forecasts for 2025 indicate that productivity tools, like those provided by Airtable, will remain critical due to increasing remote work and digital transformation.
The acquisition of Airtable by Bending Spoons exemplifies strategic growth in the tech industry, leveraging both reduced valuations and increasing demand for innovative data management solutions.