Italian software company Bending Spoons has agreed to acquire Airtable in an all-cash deal, marking its first major acquisition since going public. The transaction values the US no-code platform at $1.285 billion and is expected to close by the end of 2026.
Bending Spoons, a Milan-based software firm that went public earlier this year, is making its first significant post-IPO move by acquiring Airtable, a popular no-code database platform used by businesses of all sizes.
The all-cash deal values Airtable at $1.285 billion. The acquisition is subject to regulatory approval and customary closing conditions, with completion targeted for the end of 2026.
Airtable, founded in 2012, has built a substantial user base by offering a flexible, spreadsheet-like interface that allows non-technical users to build custom applications and workflows. The platform serves organizations ranging from startups to enterprises, competing in the growing no-code and low-code software development space.
Bending Spoons has established itself as a consolidator in the software industry, acquiring multiple applications over the past decade. The company's portfolio includes productivity and utility apps, and the Airtable acquisition represents an expansion into the business software and workflow automation segment.
The deal comes as the no-code market continues to expand, driven by demand for tools that enable faster application development without requiring specialized programming skills. Airtable has raised over $400 million in venture funding at a peak valuation of $5.77 billion in 2021, though like many startups, has faced valuation pressures in the current market environment.
Regulatory approvals and other closing conditions will need to be satisfied before the deal concludes. The extended timeline through end-2026 allows time for these requirements to be met.
This acquisition signals Bending Spoons' intent to grow through strategic purchases while building out its presence in the enterprise software market. The company's public status provides it with greater financial flexibility for future acquisitions.
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