Italian app maker Bending Spoons has agreed to acquire Airtable, one of the world's best-known no-code database platforms, in an all-cash deal valuing the US software company at a $1.285 billion enterprise value. Netting out cash, the equity value comes to roughly $2.25 billion. The deal is expected to close by the end of the year.
It is the company's first acquisition since its Nasdaq IPO — and the latest step in a remarkable shopping spree. The portfolio now includes AOL, Eventbrite, and a long tail of apps with tens of millions of users. Buying Airtable pushes Bending Spoons into the fast-growing market for no-code and internal tools, where companies build databases without writing a line of code.
Airtable was long a darling of Silicon Valley software, raising hundreds of millions from investors. But growth and valuation never quite matched the hype, and the sale marks a pragmatic exit. Observers read it as another sign of SaaS market consolidation, in which acquisition-hungry buyers like Bending Spoons pick up established products at a discount and run them more efficiently.
For users, little changes immediately: Airtable continues as a standalone product. The open question is how aggressively Bending Spoons will monetize the platform going forward — and whether the cost-cutting, revenue-boosting playbook it honed at Eventbrite and AOL works here too.
