The company’s growth model centers on a philosophy of minimizing luck. Cofounder Matteo Danieli traces this approach to a failed startup, Evertale, which taught the leadership team that success in the "zero-to-one" phase is often too volatile. By building proprietary data tracking and experimentation toolkits, Bending Spoons aims to replace uncertainty with operational consistency. This strategy has fueled aggressive revenue growth, even as the company faced scrutiny for its handling of legacy user bases and workforce restructuring.
In section Startups & Technology
Bending Spoons hits Nasdaq at $18B, betting on AI and anti-luck
Milan-based Bending Spoons debuted on the Nasdaq today, opening at an $18 billion valuation before shares climbed 40% by the closing bell. The 13-year-old firm, known for acquiring legacy internet brands like Evernote and Vimeo, is positioning itself as a tech-driven operator rather than a traditional private equity flipper.
AI integration serves as the engine for this expansion. According to the company's SEC filings, revenue per employee jumped from $1.12 million in 2023 to $2.57 million in 2025. While price hikes at acquired companies have occasionally sparked subscriber friction, Danieli maintains that customer retention remains stable. With the fresh liquidity from its IPO, the firm plans to accelerate its acquisition spree, targeting undervalued SaaS businesses that the team believes can be revitalized through their specific brand of technical intervention.
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