Funding & VC

Bending Spoons Pulls Another $330 Million From Berkshire Hathaway

Berkshire Hathaway has invested a further $330 million in Bending Spoons, BeBeez reports, deepening its backing of the Milan-based app maker behind Evernote and WeTransfer.

By Grace Kim

3 min read

Updated

Bending Spoons attracts a further 330 million US Dollars from Berkshire Hathaway - BeBeez International
Bending Spoons attracts a further 330 million US Dollars from Berkshire Hathaway - BeBeez InternationalAI-generated

What's News

  • Berkshire Hathaway invested a further $330 million in Bending Spoons, BeBeez International reports.
  • The deal is a follow-on: Berkshire was already a backer of the Milan-based company.
  • Bending Spoons owns consumer apps including Evernote, Meetup, Issuu, WeTransfer and AOL.
  • The reported figure does not include a disclosed post-deal valuation.

Berkshire Hathaway has put another $330 million into Bending Spoons, according to a report by BeBeez International. The figure is the story: this is fresh money, on top of prior support, and it comes from one of the most conservative capital allocators in the world.

The number deserves the spotlight. $330 million is not a token follow-on. For Bending Spoons — the Milan-based technology company behind apps such as Evernote, Meetup, Issuu, WeTransfer and AOL — it signals that its largest outside investor wants more exposure, not less.

BeBeez International, the Italian financial news outlet that reported the transaction, framed the deal as a further tranche in an ongoing relationship. The key word is "further." Berkshire Hathaway was already a backer. It has now increased its position.

Why does a second cheque matter?

Follow-on investments tell you more than first ones. An initial stake can be a bet. A second cheque — $330 million deep — is a verdict. It says the investor has seen the numbers since the first commitment and chose to buy more.

Berkshire Hathaway, the Omaha-based conglomerate led by Warren Buffett, is famous for exactly this discipline. It does not average down on stories it no longer believe in. It compounds winners. That a vehicle associated with Buffett's playbook is adding capital to a European consumer-software roll-up is the detail worth underlining.

The takeaway in plain words: Berkshire reviewed its position and doubled down.

What is Bending Spoons actually building?

Bending Spoons has built its business by acquiring well-known digital products and running them with a centralized, engineering-heavy operating model. Its portfolio spans productivity, file transfer and community platforms that collectively serve very large user bases.

That model — buy recognized brands, integrate them, optimize monetization — requires capital. Repeatedly. A $330 million injection fits the strategy: it funds the next acquisition, the next integration, or simply strengthens the balance sheet ahead of whatever comes next.

What it doesn't require, so far, is a public listing. The company has stayed private while scaling, and Berkshire's continued private-market support removes some of the pressure an IPO would otherwise relieve.

The takeaway: this is fuel for an acquisition engine that keeps acquiring.

What does it signal for European tech?

Large growth-stage rounds in Europe increasingly come from US institutional money. Berkshire Hathaway writing another $330 million check into an Italian company sharpens that trend. European tech's capital tables now routinely include American conglomerates and sovereign-scale investors, not just venture funds.

For Bending Spoons specifically, the backing also matters reputationally. Berkshire's name on a cap table opens doors — to sellers weighing whether to hand over their brands, and to lenders sizing the company's credit.

The takeaway: US capital is deepening its position in European software, and Bending Spoons is a visible beneficiary.

What comes next?

BeBeez's report does not specify what the $330 million will fund, and the companies have not detailed the resulting valuation. What the deal does establish, as of this report, is trajectory: more capital from the same marquee investor, flowing into a company that has consistently used cash to buy and scale digital brands.

Watch the next acquisition target. Bending Spoons' history says the money will move fast — and Berkshire's history says it expects a return on it.

Source: GN: Venture Capital

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Grace Kim

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Market editor covering people, launches and day-to-day practice in entrepreneurship, startups and venture funding at Business Bearings.

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