Girişimci Kafası archive

Startup Graveyard

1,744 startups that shut down, went under or quietly disappeared. $78.6 billion of investment on record was laid to rest here. Every headstone holds a lesson.

Startups1,744
Known capital burned$78.6 billion
Average lifespan10.4 years
Most common causeRan out of cash
Countries81
Biggest lossNorthvolt ($14 billion)
Former unicorns97 ($401.4 billion)

Recently added

60 new closure stories were added to the Startup Graveyard in the last 30 days.

Closed2015 – 2026

80 Acres Farms

Ohio's USD 1 billion vertical farming company closed in 2026 when a rescue sale collapsed overnight

UnicornUnited States$400 millionRan out of cash
Closed2014 – 2019

Aiwujiwu

It promised to wipe out estate agents, reached a billion dollars in 18 months and faded out quietly in 2019

UnicornChina$350 millionBusiness model failed
Closed2014 – 2025

Ample

Robot stations that swapped EV batteries for fleets: Chapter 11 after USD 330 million raised

UnicornUnited States$330 millionRan out of cash
Closed2015 – 2026

Ascend Elements

It turned spent batteries into new cathode material until grants, demand and prices all moved against it

UnicornUnited States$900 millionRan out of cash
Closed2012 – 2025

Benson Hill

It set out to rewrite soybean genetics with data, bought and sold plants, and left its stock worthless

UnicornUnited States$282.3 millionRan out of cash
Closed2013 – 2022

Bulb Energy

Britain's fast-growing green energy supplier: rescued by the state after the 2021 gas shock

United KingdomMacroeconomic crisis
In bankruptcy2011 – 2024

Byju's

It began with one teacher's classes, reached USD 22 billion and has been in Indian insolvency since 2024

UnicornIndiaRan out of cash
Closed2018 – 2024

Cazoo

The Zoopla founder's online used-car retailer fell from USD 7 billion to administration in three years

UnicornUnited KingdomBusiness model failed
Closed2015 – 2025

CloudMinds

Tried to move robot brains to the cloud: raised RMB 5.4 billion, entered liquidation in 2025

UnicornChina$780 millionRan out of cash
Closed2010 – 2024

Cue Health

A home molecular COVID test took it public at USD 2.3 billion; when demand ended it liquidated in 2024

UnicornUnited States$435 millionNo market need
Closed2004 – 2025

Danimer Scientific

Danimer made biodegradable plastic from bacteria: from a USD 4.9 billion stock boom to a USD 19 million sale

UnicornUnited StatesRan out of cash
Closed2015 – 2025

Desktop Metal

It set out to bring metal 3D printing to factories, and fell from USD 5 billion to a USD 7 million asset sale

UnicornUnited States$438 millionRan out of cash

1-60 of 1,744 startups

Closed2020 – 2026

15.ai

The SI project that voiced fictional characters for free, named after its claim of cloning a voice from 15 sec

Regulation and legal issues
Closed2015 – 2026

80 Acres Farms

Ohio's USD 1 billion vertical farming company closed in 2026 when a rescue sale collapsed overnight

UnicornUnited States$400 millionRan out of cash
Closed2015 – 2026

Ascend Elements

It turned spent batteries into new cathode material until grants, demand and prices all moved against it

UnicornUnited States$900 millionRan out of cash
Closed1995 – 2026

BioWare

The Canadian studio behind Baldur's Gate, Mass Effect and Dragon Age: founded by three doctors in 1995, sold t

CanadaAcquired and shut downCorporate product
Closed2023 – 2026

Blast

An Ethereum layer-2 network promising automatic yield on ETH and stablecoins: it drew billions in 2024 and is

$20 millionBusiness model failed
In bankruptcy2021 – 2026

Character.AI

A platform for chatting with characters: a Google licence in 2024, a bankruptcy protection filing in 2026

UnicornUnited States$193 millionRegulation and legal issues
Closed1999 – 2026

Evil Geniuses

The North American esports organisation that won world titles from Dota 2 to Valorant: closing in 2026 under s

United StatesBusiness model failed
Closed2009 – 2026

Getaround

A car-sharing pioneer that sank on listing and in 2026 liquidated with nothing left for shareholders

UnicornUnited States$750 millionRan out of cash
In bankruptcy1995 – 2026

Getty Images

One of the world's largest visual archives: founded in London in 1995, delisted and in bankruptcy protection i

United StatesRan out of cash
Closed2018 – 2026

ICRYPEX

A crypto exchange that grew through sponsorships and fan tokens, then went into liquidation in 2026

TurkeyRegulation and legal issues
Closed2023 – 2026

IO Interactive Türkiye

The Istanbul studio Hitman maker IO Interactive opened to develop AAA games

TurkeyRan out of cash
Closed2012 – 2026

Luminar Technologies

Lidar company of a 17-year-old founder: USD 11 billion in 2021, technology sold for USD 33 million in 2026

UnicornUnited States$820 millionRan out of cash
Closed2022 – 2026

Minimus

The Twistlock founders' second startup: it sold software images with fewer vulnerabilities and closed three ye

Israel$51 millionLost to competitors
In bankruptcy2022 – 2026

Movement Labs

The company that set out to bring Move to Ethereum entered small-business bankruptcy in 2026

UnicornUnited StatesTeam problems
Closed2021 – 2026

Opaque Systems

A Berkeley start-up running analytics and super intelligence on encrypted data: a Series B in February 2026, i

United States$55.5 millionAcquired and shut down
Closed2013 – 2026

Quandoo Türkiye

The Turkish operation of the Berlin-based online restaurant booking platform

TurkeyBusiness model failedCorporate product
Closed2016 – 2026

Rec Room

Social gaming platform with 150 million players: USD 3.5 billion peak, closed without a profitable model

UnicornUnited States$294 millionBusiness model failed
Closed2013 – 2026

Salad and Go

Cheap drive-thru salads: the chain grew to nearly 150 restaurants, then closed every one in August 2026

United StatesBusiness model failed
Closed? – 2026

Vepara

A payment institution offering virtual POS, a digital wallet and pay-by-link on a single platform

TurkeyRegulation and legal issues
Closed2014 – 2026

Vicarious Surgical

A surgical robot steered through virtual reality: valued at USD 1.1 billion, it never won FDA clearance

UnicornUnited States$425 millionRan out of cash
Closed2023 – 2026

YoLa Fresh

A fresh-produce platform linking Moroccan smallholder farmers directly to shops: founded in 2023, closed withi

Morocco$9 millionRan out of cash
Closed2014 – 2025

Ample

Robot stations that swapped EV batteries for fleets: Chapter 11 after USD 330 million raised

UnicornUnited States$330 millionRan out of cash
Closed2012 – 2025

Benson Hill

It set out to rewrite soybean genetics with data, bought and sold plants, and left its stock worthless

UnicornUnited States$282.3 millionRan out of cash
Closed2018 – 2025

Bitay

A crypto exchange born as an R&D project at Yıldız Teknopark that issued its own token

TurkeyRan out of cash
Closed2017 – 2025

BitTurk

A Turkish exchange that was first to list some altcoins in Turkey and also built blockchain software

Turkey$2 millionRegulation and legal issues
Closed2019 – 2025

BluSmart

An Indian ride-hailing service run on an all-electric fleet

India$180 millionRegulation and legal issues
Closed2016 – 2025

Builder.ai

The start-up that promised to make commissioning an app with SI as easy as ordering a pizza

UnicornUnited Kingdom$450 millionRan out of cash
Closed2017 – 2025

Canoo

The start-up building pod-shaped electric vans and delivery vehicles for commercial fleets

UnicornUnited States$595 millionRan out of cash
Closed2015 – 2025

CloudMinds

Tried to move robot brains to the cloud: raised RMB 5.4 billion, entered liquidation in 2025

UnicornChina$780 millionRan out of cash
Closed2004 – 2025

Danimer Scientific

Danimer made biodegradable plastic from bacteria: from a USD 4.9 billion stock boom to a USD 19 million sale

UnicornUnited StatesRan out of cash
Closed2015 – 2025

Desktop Metal

It set out to bring metal 3D printing to factories, and fell from USD 5 billion to a USD 7 million asset sale

UnicornUnited States$438 millionRan out of cash
Closed2014 – 2025

Dunzo

The Indian errands and quick-commerce app that grew out of a WhatsApp group

India$450 millionBusiness model failed
Closed2013 – 2025

eFishery

The Indonesian fish-feeder start-up that hit USD 1.4 billion and collapsed on fabricated numbers

UnicornIndonesia$315 millionFraud
Closed2019 – 2025

Flip

A video shopping app that paid users to post shut down without warning 16 months after a billion-dollar round

UnicornUnited States$236 millionBusiness model failed
Closed2016 – 2025

Gazete Duvar

An independent online newspaper launched after the 15 July coup attempt that lasted nine years

TurkeyBusiness model failed
Closed2015 – 2025

Good Glamm Group

India's beauty and content group: 11 acquisitions made it a unicorn, and lenders broke it up in 2025

UnicornIndia$342 millionBusiness model failed
Closed2018 – 2025

Humane

Maker of the AI Pin, a wearable SI device meant to replace the phone

United States$230 millionProduct problems
Closed2012 – 2025

ininal

A Turkish prepaid card start-up that let people without credit cards shop online

TurkeyRegulation and legal issues
Closed2016 – 2025

Li-Cycle

Battery recycling's rising star ran out of cash at the Rochester plant it could never finish

UnicornCanadaRan out of cash
Closed2015 – 2025

Lilium

The German company behind the Lilium Jet, an electric air taxi capable of vertical take-off

UnicornGermany$1.2 billionRan out of cash
Closed2016 – 2025

Nabız (Nabd Türkiye)

The Turkish edition of Nabd, the Arab world's news app, aggregating more than 300 Turkish sources

TurkeyBusiness model failed
In bankruptcy2014 – 2025

Neta Auto (Hozon New Energy)

China's budget EV brand stalled in the price war and now waits in bankruptcy for a new investor

UnicornChina$3.6 billionRan out of cash
Closed2014 – 2025

Nikola

The listed company that promised hydrogen and battery-electric heavy lorries

UnicornUnited States$1 billionRegulation and legal issues
Closed2015 – 2025

Northvolt

The Swedish manufacturer that aimed to become Europe's electric-vehicle battery giant

UnicornSweden$14 billionProduct problems
Closed2020 – 2025

Pandion

The e-commerce parcel delivery network built by the founder of Amazon Air

United States$125 millionRan out of cash
Closed2007 – 2025

Pocket

The app for saving articles from around the web to read later

United StatesAcquired and shut downCorporate product
Closed2003 – 2025

Skype

The app that made free voice and video calls over the internet mainstream

UnicornLuxembourgAcquired and shut downCorporate product
Closed2014 – 2025

Sonder

The hospitality company that leased flats and ran them like hotels through an app

UnicornUnited States$550 millionBusiness model failed
Closed2012 – 2025

Sunnova Energy

A Houston company that financed rooftop solar: Chapter 11 with USD 8.9 billion of debt

UnicornUnited StatesRan out of cash
Closed2010 – 2025

WeMakePrice

One of Korea's big three deal sites, sent into liquidation when it could not pay its sellers

UnicornSouth Korea$400 millionRan out of cash
Closed2015 – 2025

Zingat

The property platform founded by Doğuş Group and REIDIN that stood out for its valuation data

TurkeyAcquired and shut down
Closed2013 – 2025

Zongmu Technology

Zongmu sold driver-assistance systems to Chinese carmakers: three failed listings, then a bankruptcy case

UnicornChina$340 millionRan out of cash
Closed2015 – 2024

Arrival

A British company that aimed to build electric delivery vans and buses in microfactories

UnicornUnited Kingdom$229 millionProduct problems
Closed2022 – 2024

Artifact

The Instagram founders' news app, personalised with super intelligence

United StatesNo market need
Closed2012 – 2024

Bench Accounting

Subscription bookkeeping for small businesses, combining software with human bookkeepers

Canada$100 millionRan out of cash
Closed2015 – 2024

Bowery Farming

A vertical farming start-up that grew greens in warehouses without pesticides

UnicornUnited States$472 millionBusiness model failed
In bankruptcy2011 – 2024

Byju's

It began with one teacher's classes, reached USD 22 billion and has been in Indian insolvency since 2024

UnicornIndiaRan out of cash
Closed2018 – 2024

Cazoo

The Zoopla founder's online used-car retailer fell from USD 7 billion to administration in three years

UnicornUnited KingdomBusiness model failed
Closed2013 – 2024

Cruise

General Motors' autonomous vehicle company that tried to build a driverless taxi service

UnicornUnited StatesAcquired and shut downCorporate product
Closed2010 – 2024

Cue Health

A home molecular COVID test took it public at USD 2.3 billion; when demand ended it liquidated in 2024

UnicornUnited States$435 millionNo market need

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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.