Bending Spoons hits $11bn valuation after raising $710m

Core Insights - Bending Spoons has completed a $710 million equity funding round, resulting in a pre-money valuation of $11 billion [1][4] - The funding was led by T. Rowe Price Investment Management, with participation from several notable investors [1][2] - The capital will be used to enhance technology, scale AI infrastructure, and pursue acquisitions [2][3] Funding Details - The funding round consists of $270 million in primary capital and $440 million in secondary capital [2] - Goldman Sachs International acted as the sole placement agent for the transaction [2] Strategic Plans - Bending Spoons has secured a $2.8 billion debt facility through global banks [3] - The company plans to acquire AOL and Vimeo, pending regulatory approvals [3][4] - Bending Spoons' portfolio includes various digital products serving over one billion users globally [4]