Bending Spoons just dropped $1.29 billion to buy Airtable, valuing the company at $2.25 billion — a massive deal that’s a win for the buyer but a tough outcome for VCs who poured in $1.35 billion since 2012, especially after Airtable hit an $11 billion valuation in 2021. The acquisition aligns with Bending Spoons’ strategy of buying predictable, established tech brands — and it’s a major move in a turbulent tech market.

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