Failure has led to success at Milan-based Bending Spoons and its investors, such as the Berlusconi family office, Hollywood star Ryan Reynolds and Cox Enterprises.
Subscribe
You will need a Premium+ Subscription to read this article.
Exclusive news, analysis and research on global family enterprise and private investment offices
Already have an account? Sign in
Already have an account? Sign in
You've reached the end.
Continue reading free articles by registering as a Member.
Or choose a Premium Plan.
Already have an account? Sign in
One response to “Bending Spoons, the Matrix, and family offices pay day”
Baillie Gifford isn’t a ‘broker’, as your article suggests, but an independent global investment manager founded in 1908 in Scotland.
We have been delighted to highlight the exceptional growth of our investment in Bending Spoons across a number of portfolios including the Schiehallion Fund and Baillie Gifford European Growth Trust – to the benefit of many of our Family Office clients.
We first invested in the company in August 2023, when it was valued just under $1bn. Since then, we have deployed approximately $192m of clients’ capital across several funding rounds. Prior to IPO, the firm’s holding was worth around $1.2bn across funds and client portfolios. A spectacular result.