Bending Spoons has acquired Airtable at a valuation of 2.7x ARR, a figure that represents an 81% discount to the company's 2021 peak valuation, according to a report from MarketScale.

Deal Details

The acquisition values Airtable at a multiple of 2.7 times its annual recurring revenue. That pricing stands in sharp contrast to the valuation the company commanded at its peak in 2021, with the current deal reflecting an 81% reduction from that high point.

The transaction was reported by MarketScale, which noted the significant gap between Airtable's 2021 peak valuation and the price at which Bending Spoons has now acquired the company.

A Steep Discount From 2021 Highs

The 81% discount to Airtable's 2021 peak valuation underscores how dramatically market conditions have shifted for technology companies since the highs of that period. The 2.7x ARR multiple at which this deal was struck reflects the changed environment for software company valuations.

Airtable, which reached its peak valuation in 2021, has now been acquired at a fraction of that figure. The deal marks one of the more notable examples of the repricing that has taken place across the technology sector in the years since.

What the Acquisition Signals

The acquisition by Bending Spoons at these terms points to the evolving dynamics of technology mergers and acquisitions. The gap between the 2021 peak valuation and the current deal price — an 81% difference — illustrates the scale of the correction that has occurred.

With the transaction now reported, the deal between Bending Spoons and Airtable stands as a significant data point in the broader story of how technology company valuations have been reset since the peak of the market in 2021.