Macroeconomic crisis
Macroeconomic crisis: 15 startups that closed for this reason, with their stories and lessons.
15 startups
Genesis Global
Crypto's institutional lending desk went bankrupt in the 2022 chain of collapses and was wound down
Closed1988 – 2024Silvergate Capital
A small California bank turned crypto's banker, then chose voluntary liquidation in 2023 after FTX fell
Closed2015 – 2023Convoy
A digital freight broker that used software to match shippers with truckers
Closed2020 – 2023Mevsimi
The Turkish start-up that brought seasonal fruit and vegetables straight from growers to the door, with no mid
Closed2017 – 2022BlockFi
A $3 billion company offering lending products backed by crypto assets
Closed2007 – 2022Bobiler.org
The photomontage community that brought "monte" culture to Turkish internet humour
Closed2013 – 2022Bulb Energy
Britain's fast-growing green energy supplier: rescued by the state after the 2021 gas shock
Closed2018 – 2022Voyager Digital
The crypto broker offering trading and loyalty rewards that lent out its assets
Closed2016 – 2020HubHaus
The co-living start-up that leased large houses and opened their rooms to young professionals
Closed2016 – 2019Evtiko Türkiye
A property start-up that made offers on homes within 48 hours, bought them, renovated them and sold them on
Closed2011 – 20181V1Y (Bir Varmış Bir Yokmuş)
The private shopping site set up jointly by some of Turkey's best-known retail brands
Closed2007 – 2009Bravoo
The online directory, local search and advertising platform connecting small businesses with consumers
Closed2003 – 2009Koysepete
An Ankara-based shopping site selling everything from computers to home textiles in instalments
Closed1997 – 2001eToys
The online toy retailer that became an emblem of the dotcom bubble
Closed1995 – 2020Lumière Empresa Cinematográfica
Brazilian cinema chain ceased operations due to the Covid-19 pandemic
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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.