NB Renaissance picks up minority stake in Bending Spoons

• Bending Spoons currently has a portfolio of 20 apps
• NBR will support Bending Spoons with regards to strategic direction, M&A and governance
• NB Renaissance is a Milan-based investment firm with a focus on international companies based in Italy

NB Renaissance (NBR) announced it has closed an equity investment in Bending Spoons (BSP), a developer and publisher of mobile apps, for a minority stake.

NBR’s senior partner Stefano Bontempelli was appointed as member of the board of directors.

Founded in 2013 in Copenhagen and headquartered in Milan, Bending Spoons is a data-driven and data-centric digital company specialising in the acquisition, development and monetisation of mobile apps, mainly on Apple’s platform iOS.

BSP currently has a portfolio of 20 apps, with over 500 million downloads to date and approximately 100 million monthly active users, according to NBR.

NBR will support Bending Spoons with regards to strategic direction, M&A and governance, according to a press statement. NB Renaissance will work alongside the founders to build the platform, with the aim to shape the company into an “ideal IPO candidate” in a few years.

NB Renaissance is a Milan-based investment firm with a focus on international companies based in Italy. The firm currently manages over €2.5 billion in assets.