Another brutal M&A. Miro, founded in 2011 and valued at $17.5B 4yrs ago, is getting acquired by Bending Spoons, founded 2013, at ~2.3x ARR. After Airtable, another unfortunate victim of the SaaS bust at ~10x down from peak. It raised $476M only to be sold for $1.355B EV ($1.79B equity value), clearing its preference stack. Any employees who joined 2021 onwards are likely underwater on their options in the company.

Federico Simionato@fedesimioSep 10

BREAKING: we've officially entered a deal to acquire Miro for $1.355B! 😍