Bending Spoons to buy Airtable for $1.28B

Core Impact Points

• Bending Spoons, a publicly traded company, has agreed to buy Airtable for $1.28 billion in cash.
• Airtable's annual recurring revenue has grown over 20% YoY to approximately $480 million as of June 2026.
• The acquisition is expected to accelerate innovation in the spreadsheet and database market, with Bending Spoons aiming to make Airtable run profitably.
• Airtable has raised over $1.4 billion in funding and was valued at over $11 billion in 2021, but its shares were trading at a valuation of $4 billion earlier this year.
• Bending Spoons typically acquires companies that are trading at a decent discount to their private valuations and streamlines their products to make them profitable.
• The acquisition is expected to have implications for the US market, with Airtable serving over 500,000 organizations, including 80% of the Fortune 100.