Luca Ferrari

Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127

Luca Ferrari, Harry Stebbings

Operating as a hybrid between a technology firm and a private equity vehicle, Bending Spoons has spent over a decade acquiring and revitalizing startups through deep operational integration rather than relying on external equity until a recent $200 million raise. Founders like Luca Zaninotto drive this strategy by applying rigorous free cash flow metrics to acquisitions and enforcing a culture of intellectual humility, as demonstrated by the recent $6–7 million write-off of the PlayOn project. With a remote workforce of 400 and a focus on standardized global compensation, the company aims to accumulate resources to eventually tackle large-scale global challenges using its unique "hands-on" acquisition model.