Milan-based Bending Spoons announces the acquisition of digital publishing platform Issuu

Flexing Spoons, a Milan-based modern technology business that runs leading electronic items like Evernote Meetup, Remini, Splice, and StreamYard, is powered by sophisticated AI and design offering 100 million month-to-month energetic individuals. Today, the business revealed the procurement of Issuu, the popular electronic posting system.

Joe Hyrkin, Chief Executive Officer of Issuu, talked about the procurement, specifying, ” Issuu has actually come to be the leading electronic posting system, with greater than one million makers and online marketers utilizing the system every year and 100 million one-of-a-kind individuals monthly consuming Issuu-processed material. Issuu has actually come to be the de facto requirement for any type of business or author that intends to electronically get to and increase its target market. Offered Issuu’s standing as a lucrative and expanding business, Flexing Spoons is distinctly placed to considerably prolong Issuu’s reach and the effect we can provide to companies internationally.”

Luca Ferrari, Chief Executive Officer of Bending Spoons, revealed his excitement for the future partnership: ” We’re thrilled by what the Issuu group has actually accomplished for many years, and we’re passionate concerning its future leads. By leveraging Bending Spoons’ proficiency and system modern technologies, our team believe we can assist Issuu proceed better.”

The procurement was sustained by different lawful and economic experts. Issuu, moneyed by Heartcore Ventures and KDDI Open Advancement Fund, was helped on lawful issues by Goodwin Procter and had Lightning Allies as its special economic expert. Flexing Spoons obtained lawful help from Willkie Farr & Gallagher LLP for United States and Germany, Kromann Reumert in Denmark, and Pérez-Llorca in Portugal. EY Advisory medical spa helped with economic and tax obligation due persistance.

Flexing Spoons has actually gotten on a stable surge over the last few years. In 2022, they revealed the procurement of the preferred note-taking and task-management applicationEvernote That very same year, they exceeded $100 million in yearly earnings and elevated $340 million in among Italy’s biggest financing rounds. This year, Bending Spoons raised $155 million in its most recent equity funding round, with Resilient Resources Allies LP signing up with existing financiers Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Resources, and StarTIP. This financing round has actually pressed Flexing Spoons to a post-money appraisal of $2.55 billion.

The article Milan-based Bending Spoons announces the acquisition of digital publishing platform Issuu showed up initially on EU-Startups.