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Bending Spoons

An Italian technology company that develops, acquires, and operates subscription-based digital products and software businesses.

Last updated October 17, 2026

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Overview

Bending Spoons S.p.A. is an Italian technology company headquartered in Milan. Founded in 2013 by Luca Ferrari, Francesco Patarnello, and Matteo Danieli, it began as a mobile-app developer and gradually evolved into a technology conglomerate built around the acquisition and long-term operation of established digital products. Its portfolio has included consumer applications, creative software, collaboration tools, event platforms, file-transfer services, video products, productivity software, and online media brands. The company’s early business focused on developing and optimizing mobile applications. Its best-known early products included video-editing application Splice, acquired from GoPro in 2018, and the fitness application 30 Day Fitness. In 2019, Bending Spoons launched Playond, a subscription service for premium iOS games. It later expanded into artificial-intelligence-powered photo editing through Remini and into professional creative tools through acquisitions such as FiLMiC, Alight Motion, and Evernote. A significant public-service project came in 2020, when the Italian government selected Bending Spoons to design and develop Immuni, Italy’s official COVID-19 contact-tracing application. Immuni launched on June 1, 2020, and was decommissioned at the end of 2022. The project increased the company’s public visibility beyond consumer apps and demonstrated its capacity to build and operate a nationally significant digital service. From 2022 onward, Bending Spoons pursued an increasingly acquisition-led strategy. It acquired Evernote, Meetup, Issuu, WeTransfer, Brightcove, Komoot, Harvest, MileIQ, Vimeo, AOL, Eventbrite, Tractive, and other digital businesses or assets. The company generally targets products with established users and product-market fit, then applies its own engineering, analytics, artificial-intelligence, monetization, and operational methods. It has described this approach as long-term ownership rather than a short-term resale model. The operating model has attracted comparisons with private equity because post-acquisition programs have often included codebase modernization, pricing changes, product consolidation, and substantial workforce reductions. Supporters view the model as a way to restore investment and profitability to mature digital products; critics have objected to higher subscription prices, layoffs, service changes, and the treatment of acquired brands. The company’s acquisition of Harvest, for example, was followed by a shift from a flat per-seat pricing structure toward a model combining base charges with usage-based fees, which some customers said materially increased renewal costs. Bending Spoons reported a large applicant pool and selective hiring process in 2025. According to the supplied reference material, it received 800,000 job applications and made 286 hires during that year. The company subsequently pursued a United States initial public offering. The supplied reference material states that its shares began trading on July 1, 2026, under the ticker BSP, following an offering that raised $1.68 billion. Those reported events marked a transition from a privately held technology operator to a publicly traded owner of a broad portfolio of digital brands.

History

Bending Spoons originated in the aftermath of Evertale, an unsuccessful venture-funded startup associated with Luca Ferrari, Francesco Patarnello, and Matteo Danieli. After that venture ended, the founders reportedly retained approximately $40,000, which became the seed capital for a new company established in June 2013. The business was initially founded in Copenhagen and moved its base to Milan in 2014. Its name was inspired by a scene from the film The Matrix. The company’s first phase centered on mobile software. Rather than operating primarily as a conventional agency or enterprise software vendor, Bending Spoons developed consumer applications and concentrated on product design, engineering, user acquisition, subscription conversion, and revenue optimization. This approach produced a portfolio that included fitness, video, photo, and other mobile applications. Splice, a video-editing application originally associated with GoPro, became one of its most visible acquisitions after Bending Spoons purchased it in 2018. In 2019, Bending Spoons introduced Playond, a subscription service offering a catalog of premium iOS games. The service competed with emerging game-subscription offerings such as Apple Arcade and GameClub. It generated criticism because some games that had previously been sold through one-time purchases were made available through a subscription structure, and changes in licensing and authentication could affect existing player access or progress. Bending Spoons closed Playond in March 2020, after which the games returned to the App Store pages of their original developers. The company’s role in Italy’s response to COVID-19 became a major turning point. On April 17, 2020, the Italian government announced that Bending Spoons had been selected to design and develop Immuni, the national contact-tracing application. Immuni was released on June 1, 2020, and remained associated with the company’s public-sector technology capabilities until it was decommissioned on December 31, 2022. Bending Spoons expanded its product portfolio through acquisitions. It acquired the artificial-intelligence-powered photo application Remini in 2021 and agreed to acquire FiLMiC in 2022. FiLMiC Pro was subsequently moved toward a subscription-based commercial model, while the original FiLMiC team was later dismissed and continued product development was brought in-house. In late 2022, Bending Spoons agreed to acquire Evernote; the transaction closed in January 2023. Evernote later dismissed its remaining existing staff and announced a relocation of operations toward Europe. The company also acquired Alight Creative, the developer of Alight Motion, during 2023. The acquisition pace accelerated in 2024. Bending Spoons acquired assets of Mosaic Group from IAC, acquired Meetup, announced an agreement for Hopin and its StreamYard business, acquired Issuu, agreed to purchase WeTransfer, and agreed to acquire Brightcove. These deals broadened its portfolio from mobile applications into professional video, livestreaming, digital publishing, file transfer, and community platforms. Several transactions were followed by significant staffing reductions, contributing to a public debate over the company’s operating model. In 2025, the company continued acquiring mature digital brands. The portfolio expanded to include Komoot, Harvest, MileIQ, Vimeo, AOL, and Eventbrite. The supplied reference describes layoffs at several of these businesses, including substantial reductions at Komoot and Vimeo. Bending Spoons also acquired Tractive in 2026, entering pet technology and connected-device services, and later acquired Airtable according to the supplied reference. Bending Spoons’ strategy is often compared with private equity, although it generally retains acquired businesses instead of preparing them for resale. The company looks for products with recognizable brands, established users, recurring revenue, and product-market fit. It then seeks to improve profitability through software rewrites, automation, artificial intelligence, proprietary tooling, open-source technologies, pricing changes, and organizational restructuring. The company has reportedly used full-stack teams working with technologies including Python, FastAPI, and TypeScript to modernize acquired codebases. This strategy has produced both growth and controversy. Customers and commentators have criticized subscription price increases, product changes, and layoffs. The Harvest acquisition was followed by a move from a flat per-seat price toward a base fee combined with usage-based charges, producing sharply higher renewal costs for some customers. Matteo Danieli said that scrutiny was partly a consequence of acquiring products with highly committed user communities and stated that retention across the portfolio had remained stable. In 2025, the company reportedly received 800,000 job applications and hired 286 people, illustrating the selectivity and visibility of its employment model. The supplied reference states that Bending Spoons pursued a United States initial public offering in 2026. It reportedly filed an F-1 registration statement for a Nasdaq listing under BSP, sought a valuation of approximately $20 billion, and raised $1.68 billion at a $29.00 offer price. Shares reportedly began trading on July 1, 2026. If those reported events are treated as current, the IPO represents the latest stage in Bending Spoons’ development from an Italian mobile-app studio into a publicly traded operator of a large, international portfolio of digital brands.

  • 2026

    Reported Nasdaq listing

    [1]

    The supplied reference states that Bending Spoons completed an initial public offering and began trading under BSP.

  • 2025

    Portfolio expanded into major digital brands

    [1]

    Bending Spoons acquired or agreed to acquire Komoot, Harvest, MileIQ, Vimeo, AOL, and Eventbrite.

  • 2024

    Acquisition program broadened

    [1]

    The company expanded into Meetup, StreamYard, Issuu, WeTransfer, and Brightcove, in addition to the Mosaic Group assets.

  • 2023

    Evernote acquisition completed

    [1]

    The acquisition of Evernote, announced in 2022, was completed in January 2023.

  • 2021

    Remini acquired

    [1]

    Bending Spoons acquired the AI-powered photo-editing application Remini.

  • 2020

    Immuni launched

    [1]

    Italy’s official COVID-19 contact-tracing application, developed by Bending Spoons, was released.

  • 2019

    Playond launched

    [1]

    The company launched Playond, a subscription catalog of premium iOS games.

  • 2018

    Splice acquired

    [1]

    Bending Spoons acquired the Splice video-editing application from GoPro.

  • 2014

    Headquarters moved to Milan

    [1]

    After its initial establishment in Copenhagen, the company moved its base to Milan.

  • 2013

    Company founded

    [1]

    Luca Ferrari, Francesco Patarnello, and Matteo Danieli founded Bending Spoons using seed capital left from their earlier venture.

Products and positioning

A technology operator and acquisition platform for established digital products, emphasizing software engineering, artificial intelligence, monetization, operational efficiency, and long-term ownership.

  • Video editing application

    Splice

    Splice is a consumer video-editing application associated with Bending Spoons after its acquisition from GoPro in 2018. It is positioned around accessible creation tools for editing video on mobile devices, helping users assemble clips, apply effects, synchronize media, and prepare content for digital distribution.

  • AI photo-editing application

    Remini

    Remini is an AI-powered photo-enhancement and editing application acquired by Bending Spoons in 2021. Its proposition centers on automated image improvement and consumer-friendly creative effects delivered through a mobile application and subscription-oriented model.

  • Fitness application

    30 Day Fitness

    30 Day Fitness is a guided fitness application associated with Bending Spoons’ original consumer-app portfolio. It uses structured exercise programs and recurring engagement to support users seeking at-home or mobile-guided workouts.

  • Public-health mobile application · 2020

    Immuni

    Immuni was Italy’s official COVID-19 contact-tracing application, designed and developed by Bending Spoons for the Italian government. It launched in June 2020 and was decommissioned on December 31, 2022.

  • Mobile game subscription service · 2019

    Playond

    Playond offered subscribers access to a catalog of premium iOS games, including titles such as Crashlands, Morphite, Sleep Attack, Daggerhood, and Jydge. The service closed in March 2020 after criticism related to subscription access, licensing transitions, and effects on some previously purchased games.

  • Professional mobile video camera application

    FiLMiC Pro

    FiLMiC Pro is a mobile video-recording application acquired through Bending Spoons’ purchase of FiLMiC. After the acquisition, the product was moved toward a subscription revenue model, and later development was continued internally after the original FiLMiC team was dismissed.

  • Note-taking and productivity software

    Evernote

    Evernote is a digital note-taking and organization service acquired by Bending Spoons in January 2023. It remains one of the company’s most prominent acquisitions and illustrates its strategy of taking long-term ownership of mature subscription software with an established user base.

  • File-transfer service

    WeTransfer

    WeTransfer is a digital file-transfer service acquired by Bending Spoons. Its position in the portfolio extends the company’s reach into creative-industry workflows, large-file sharing, and subscription services used by individuals and organizations.

  • Online video platform

    Vimeo

    Vimeo is a video-hosting and collaboration platform acquired by Bending Spoons in 2025 according to the supplied reference. The transaction expanded Bending Spoons’ exposure to professional video publishing, hosting, and creative collaboration.

  • Digital media and internet services

    AOL

    AOL is an established internet and digital-media brand acquired by Bending Spoons in 2025 according to the supplied reference. Its inclusion represents a move beyond standalone software applications into a broad consumer internet property.

  • Social and event platform

    Meetup

    Meetup helps people organize and discover in-person and virtual activities. Bending Spoons acquired the platform in 2024, adding community organization and event discovery to its portfolio of digital products.

  • Outdoor navigation application

    Komoot

    Komoot is an outdoor route-planning and navigation service acquired by Bending Spoons in 2025 according to the supplied reference. It serves activities such as hiking and cycling through digital maps, route discovery, and navigation features.

Brand decisions

  • 2026

    Reported initial public offeringOther

    Background

    After building a large portfolio of acquired digital businesses, Bending Spoons pursued access to public equity markets.

    Action taken

    The supplied reference states that the company filed for a Nasdaq listing under BSP, priced its shares at $29.00, and raised $1.68 billion.

    Aftermath

    The supplied reference reports that shares began trading on July 1, 2026, marking the company’s transition from private ownership to a public listing.

    IPO proceeds. $1.68 billion raised (July 2026)

  • 2025

    Portfolio consolidation and profitability focusStrategy

    Background

    Bending Spoons continued to seek established subscription and digital-media products with existing product-market fit.

    Action taken

    It expanded into Komoot, Harvest, MileIQ, Vimeo, AOL, and Eventbrite, while applying its engineering, pricing, automation, and cost-management approach.

    Aftermath

    The strategy increased the company’s scale and visibility while intensifying criticism over workforce reductions and pricing changes.

  • 2025

    Harvest pricing restructuringOther

    Background

    After acquiring Harvest, Bending Spoons reviewed the product’s monetization model.

    Action taken

    The service moved from a flat per-seat structure toward a base rate combined with usage-based charges.

    Aftermath

    Some long-standing customers reported sharply higher renewal costs, making the change a prominent example of criticism directed at the company’s monetization strategy.

  • 2024

    Expansion into mature software and media brandsStrategy

    Background

    The company sought to scale its operating model beyond mobile applications.

    Action taken

    It acquired or agreed to acquire assets and companies including Mosaic Group, Meetup, Hopin’s StreamYard business, Issuu, WeTransfer, and Brightcove.

    Aftermath

    The transactions broadened the portfolio but also brought public attention to layoffs and restructuring after several acquisitions.

  • 2022

    Acquisition-led portfolio strategyM&A

    Background

    Bending Spoons shifted from primarily developing mobile products to acquiring established digital businesses with recognizable brands and recurring users.

    Action taken

    It agreed to acquire Evernote and pursued additional acquisitions spanning creative software, collaboration, publishing, video, file transfer, and online communities.

    Aftermath

    The company became increasingly associated with a long-term ownership model combining product modernization, monetization changes, and organizational restructuring.

  • 2020

    Development of ImmuniOther

    Background

    Italy needed a national digital contact-tracing service during the COVID-19 pandemic.

    Action taken

    Bending Spoons designed and developed Immuni under selection by the Italian government.

    Aftermath

    Immuni launched on June 1, 2020, and was later decommissioned at the end of 2022.

  • 2019

    Launch of PlayondProduct launch

    Background

    Bending Spoons entered mobile gaming subscriptions while premium game catalogs were becoming a competitive category on iOS.

    Action taken

    It launched Playond with a catalog of premium iOS games and an energy-based limited-play mechanism intended to encourage subscriptions.

    Aftermath

    The service drew criticism over subscription treatment of games previously sold as one-time purchases and closed in March 2020.

Recent events

  • 2026

    Bending Spoons completed its reported public offering[1]

    Other

    The supplied reference states that Bending Spoons filed to list on Nasdaq under BSP, priced shares at $29.00, raised $1.68 billion, and began trading on July 1, 2026.

  • 2025

    Komoot acquisition followed by extensive layoffs[1]

    M&A · Other

    Bending Spoons acquired route-planning and outdoor-navigation company Komoot for nearly €300 million, after which the supplied reference reports that approximately three quarters of the staff were laid off.

  • 2025

    Bending Spoons expanded into Harvest, MileIQ, Vimeo, AOL, and Eventbrite[1]

    M&A

    The company announced or completed a series of acquisitions spanning professional-services software, mileage tracking, video hosting, online media, and event technology.

  • 2024

    Mosaic Group workforce dismissed after asset acquisition[1]

    M&A · Other

    Bending Spoons acquired assets of IAC’s Mosaic Group. The supplied reference states that Mosaic’s 330-person workforce was not included in the transaction and was laid off.

  • 2024

    Bending Spoons acquired Meetup[1]

    M&A

    The company acquired Meetup, a platform for organizing in-person and virtual activities, expanding its portfolio into online communities and event-based social products.

  • 2024

    WeTransfer acquisition followed by major workforce reduction[1]

    M&A · Other

    Bending Spoons agreed to acquire WeTransfer and later announced that approximately 75% of the company’s workforce would be laid off.

  • 2024

    Bending Spoons acquired Brightcove[1]

    M&A

    Bending Spoons agreed to acquire video-platform company Brightcove in a transaction valued at $233 million, according to the supplied reference material.

  • 2023

    Bending Spoons completed the acquisition of Evernote[1]

    M&A · Leadership change

    Bending Spoons completed its acquisition of Evernote after announcing the agreement in late 2022. Evernote subsequently announced staff reductions and a move of its operational center toward Europe.

  • 2020

    Bending Spoons selected to develop Italy’s Immuni contact-tracing app[1]

    Other

    The Italian government selected Bending Spoons to design and develop the country’s official COVID-19 contact-tracing application. Immuni launched on June 1, 2020.

  • 2020

    Playond gaming subscription discontinued[1]

    Other

    Bending Spoons closed Playond, its subscription catalog for premium iOS games. The shutdown returned titles to their original App Store pages, although authentication changes temporarily affected access to some games.

Sources7 sources

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