About Bending Spoon

Bending Spoon is one of Europe’s leading app developers as they have 500 million total downloads and up to 100 million monthly active users. As of now, the company has a team of 423 highly skilled people. There is a lot of knowledge about this giant tech company. There is a very interesting story and facts about this company which are explained in this short article.

History of the Bending Spoon

Nearly 11 years ago, Luca Ferrari and four other men created a company named Bending Spoon. They started developing apps with a small number of teams. Unlike most startups in the world, Bending Spoon has been profitable since day one. They have created the best possible apps that actually solve the problem of people and their apps started attracting people and quickly became popular.

Bending Spoon is based in Milan, Italy and this company mainly develops apps and acquires other apps. Ferrari and his cofounder Matteo Danieli used to run a startup named Evertale which was a failure and then they cashed $40,000 from that startup and used that money to create Bending Spoon.

For almost 10 long years, Bending Spoon was a bootstrap company and the founders never feel the need for an investor. Until September 2022, when the company raised its very first equity financing round and acquired $340m from global investors in which famous Hollywood actor Ryan Reynolds was also one of the investors.

Founder of Bending Spoon

There are a total of five founders of the Bending Spoon company and they also serve as the management team. All these founders are well-educated in the fields of engineering, computer science and business. The names of the founders are given below.

Bending Spoon Revenue & Profits

The financial performance of Bending Spoon in fiscal year 2023 achieved remarkable growth, with revenues increasing by an impressive 2.5 times to $392 million, compared to $162 million the previous year. The company is projecting continued revenue growth, anticipating sales to reach $500 million in this year.

Bending Spoon Valuation

In the latest equity financing round, Bending Spoon raised $155 Million in the starting of this year at the valuation of $2.55 Billion.

COVID-19 App

The government of Italy picked Bending Spoon to develop their COVID-19 Tracking app on 17 April 2020. After this news, the company’s reputation increased significantly in the tech field and their valuation shot up. The COVID-19 contact tracing app named Immuni was released on 1 June 2020 initially for four regions and then nationwide. However, it was not a big success for the company because the app failed to track even 1% of the total positive cases.

Bending Spoon’s Team & Work Culture

The company has a team of 423 people and their headquarters is situated in Milan’s Porta Nuova neighborhood. They offer the utmost flexibility and unrestricted vacation time for the employees. They also allow remote work and there are no fixed working hours. They mainly focus on increasing the productivity and creativity of their team members which comes with less load of the work.

Bending Spoon Products