Miro sells to Bending Spoons at steep discount to 2021 valuation
Visual collaboration platform Miro has agreed to sell to Italian software firm Bending Spoons for $1.36 billion. The deal values the company at roughly 8% of its peak valuation from 2021, marking one of the most dramatic valuation corrections in recent startup history.
Sources: msn.com
“This sale underscores how far late-stage valuations from 2021 have unraveled, even for companies with strong product-market fit.”
What it means
Miro’s case reflects broader pressure on high-growth SaaS startups that raised at lofty multiples during the pandemic. While the company remained profitable, its valuation reset suggests investors now prioritize sustainable growth over rapid expansion. Similar down-rounds or sales may follow as more startups face fundraising challenges or maturity deadlines for early backers.
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