Companies · Other Technology

Bending Spoons S.p.A.

MILAN · Other Technology

Diligence memoA one-page analyst read on Bending Spoons S.p.A. — recommendation, valuation, rhythm, risks.
$323.0M
Total raised · real
3
Rounds
4.9×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Oct 29 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Bending Spoons S.p.A. looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.92× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

Bending Spoons S.p.A. is one of 21302 Other Technology companies tracked from MILAN. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
42
Investors (latest)
2025-10-29
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2023-03-08 Raised $30M (real) Modeled valuation $361M (est)$30M$361MSeries B2023Series C · 2024-02-06 Raised $49M (real) Modeled valuation $521M (est)$49M$521MSeries C2024Series D+ · 2025-10-29 Raised $243M (real) Modeled valuation $2.0B (est)$243M$2.0BSeries D+2025+$49M+$243MCumulative $323M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$30.4M · 2023
Series C$49.4M · 2024
Series D+$243.2M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.0B
Base estimate est.
$1.4B
Conservative case
$2.4B
Upside case
$2.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $360.7M · 2023-03-082023Series C · modeled $521.2M · 2024-02-06Series D+ · modeled $2.0B · 2025-10-292025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$122.1M/yr
Capital velocity
3.3 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 102× above median
This company$323.0M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.1× above median
This company$243.2M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 54× above median
This company$2.0B
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #7 of 60.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)ServiceNow, Inc. · Series D+ Raised $459.3M · modeled $3.6B (est)Castelion Corp · Series D+ Raised $434.0M · modeled $3.1B (est)Cryptyde, Inc. · Series D+ Raised $350.9M · modeled $2.3B (est)Niantic Spatial, Inc. · Series D+ Raised $248.0M · modeled $2.3B (est)Robin Motor Ltd · Series D+ Raised $250.0M · modeled $2.2B (est)D-Wave Quantum Inc. · Series D+ Raised $275.0M · modeled $2.1B (est)Signify Holdings, Inc. · Series D+ Raised $307.5M · modeled $2.0B (est)American Bitcoin Corp. · Series D+ Raised $220.1M · modeled $2.0B (est)Omatwt, Llc · Series D+ Raised $200.0M · modeled $2.0B (est)Covenantz Inc. · Series D+ Raised $400.0M · modeled $1.9B (est)Raintank Inc. · Series D+ Raised $913.7M · modeled $1.9B (est)Bending Spoons S.p.A. (this company) Raised $323.0M · modeled $2.0B (est)Bending Spoons S.p.A.
CompanyStageRaised · realValue · estvs peer med.
ServiceNow, Inc.Series D+$459.3M$3.6B3.41×
Castelion CorpSeries D+$434.0M$3.1B3.01×
Cryptyde, Inc.Series D+$350.9M$2.3B2.21×
Niantic Spatial, Inc.Series D+$248.0M$2.3B2.18×
Robin Motor LtdSeries D+$250.0M$2.2B2.11×
D-Wave Quantum Inc.Series D+$275.0M$2.1B2.05×
Bending Spoons S.p.A. this companySeries D+$323.0M$2.0B1.92×
Signify Holdings, Inc.Series D+$307.5M$2.0B1.91×
American Bitcoin Corp.Series D+$220.1M$2.0B1.90×
Omatwt, LlcSeries D+$200.0M$2.0B1.89×
Covenantz Inc.Series D+$400.0M$1.9B1.86×
Raintank Inc.Series D+$913.7M$1.9B1.82×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$30.4M2023-03-08$168.7M$360.7M90%
Series C$49.4M2024-02-06$329.2M$521.2M90%
Series D+$243.2M2025-10-29$2.0B$2.0B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$30.4M2023-03-08
    • First recorded raise — entered as Series B.
    • 17 investors on this round.
  2. Series C$49.4M2024-02-06
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Series D+$243.2M2025-10-29
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 42 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~16mo cadence
$729.7M
Modeled next size est.range $474.3M$1.2B
4.9×
Last step-up
$122.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Alberto Mitchell Germano2025-10
Anna Giorgio Andrea Lami2023-03
Christopher Luke Keenan2025-10
Claudio Giorgio Andrea Berretti2023-03
Davide Giorgio Andrea Scarpazza2023-03
Enrico Luke Martinelli2025-10
Fabio Cosmo Domenico Cane2024-02
Francesco Charles Costantini2025-10
Francesco Cosmo Domenico Mancone2024-02
Francesco Patarnello2023-03
Ignacio Jose Pereira2025-10
Joshua James Motta2025-10
Leah Rose Schwartz2024-02
Luca Cosmo Domenico Querella2024-02
Luca Ferrari2023-03
Luca Giorgio Andrea Querella2023-03
Matteo Cosmo Domenico Danieli2024-02
Matteo Giorgio Andrea Danieli2023-03
Nicole Mitchell Wassermann2025-10
Robert Joseph Mylod Jr.2024-02
Stefano Giorgio Andrea Bontempelli2023-03
Stephen Charles Sinwell2025-10
Tommaso Rose Paoli2025-10
Valerio Giorgio Andrea Volpe2023-03
Registry & provenance

Bending Spoons S.p.A. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2004711
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Lumeris Group Holdings CorpOther TechnologySeries D+$315.3M$1.2Bsame sector · same stage
AC HoldCo, Inc.Other TechnologySeries D+$313.5M$2.5Bsame sector · same stage
States Title Holding, Inc.Other TechnologySeries D+$310.9M$1.5Bsame sector · same stage
Concur Technologies IncOther TechnologySeries D+$335.5M$1.4Bsame sector · same stage
Docker, Inc.Other TechnologySeries D+$307.6M$1.5Bsame sector · same stage
Signify Holdings, Inc.Other TechnologySeries D+$307.5M$2.0Bsame sector · same stage
o9 Solutions, Inc.Other TechnologySeries D+$341.0M$1.7Bsame sector · same stage
Clear Air Exhaust Technologies CorpOther TechnologySeries D+$300.0M$2.1Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Spoonshot Inc.Other TechnologySeed$43.0M84%
Thumb Technolgies, Inc.Other TechnologyPre-Seed$6.1M82%
Flexxbotics, Inc.Other TechnologySeed$3.4M81%
Chefling, Inc.Other TechnologyPre-Seed$17.0M80%
Sharper Shape Group Inc.Other TechnologySeries B$295.4M79%
Skeleton Hand, Inc.Other TechnologyPre-Seed$5.9M79%
Goodshuffle, Inc.Other TechnologySeries A$59.1M79%
Shaper Tools, Inc.Other TechnologySeries A$369.1M79%
Frequently asked
How much funding has Bending Spoons S.p.A. raised?
Bending Spoons S.p.A. has raised approximately $323.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Bending Spoons S.p.A.'s estimated valuation?
Provath's modeled valuation for Bending Spoons S.p.A. is approximately $2.0B (modeled range $1.4B–$2.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bending Spoons S.p.A. at?
Bending Spoons S.p.A.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Oct 29.
What does Bending Spoons S.p.A. do and where is it based?
Bending Spoons S.p.A. operates in the Other Technology sector, based in MILAN.
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