Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to FiLMiC Inc., maker of one of the leading professional video apps for smartphones, has been acquired by Bending Spoons, a globally-renowned mobile technology and app development company based in Milan, Italy.
The past couple of years at FiLMiC have been a period of innovation and growth, with a spirited drive toward creating the best mobile filmmaking experience possible for the content creation community. The company has explored new technologies and practices and is excited to announce this new partnership. Bending Spoons brings to FiLMiC its legacy of building cutting-edge mobile technologies and brands, providing a backbone of technological expertise and digital marketing innovation.
The support of Bending Spoons will help fuel plans for growth, accelerate development cycles, and ultimately build an even stronger, more valuable FiLMiC experience for customers in the ever-expanding creator community.
“Bending Spoons recent $340 million financing from actor Ryan Reynolds and other leading names in technology, media, and finance is a testament to the outsized growth and attractiveness of the creator economy, in which Bending Spoons and Filmic will play a leading role,” added Matt Riendeau, Managing Director at Cascadia Capital. “These transactions are a great example of the rapidly evolving mobile app ecosystem which now comprises many large enterprises that are well capitalized and highly acquisitive, a significant shift from only a few years ago.”
“Working with Cascadia was a joy and a comfort, especially when dealing with multiple offers. We were able to rely on their years of knowledge and experience, which gave us the surefooted clarity we needed, to choose the best buyer and the best outcome; for our team, for our shareholders, for our product and for our brand. Thanks Cascadia!” added Neill Barham, Founder & CEO of Filmic.
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