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)

61-120 of 1,744 startups

Closed2016 – 2024

Fisker Inc.

The car start-up behind designer Henrik Fisker's electric SUV, the Ocean

UnicornUnited States$1.8 billionProduct problems
Closed2016 – 2024

Forward

A subscription clinic from an ex-Google executive bet on health pods and closed overnight in November 2024

UnicornUnited States$650 millionBusiness model failed
Closed2013 – 2024

Genesis Global

Crypto's institutional lending desk went bankrupt in the 2022 chain of collapses and was wound down

United StatesMacroeconomic crisis
Closed2017 – 2024

Ghost Autonomy

An OpenAI-backed start-up developing autonomous driving software for carmakers

United StatesRan out of cash
Closed2020 – 2024

Gorillas

The start-up delivering groceries ultra-fast by bicycle courier from dark stores

UnicornGermany$1.3 billionAcquired and shut down
Closed2012 – 2024

Gro Intelligence

A New York- and Nairobi-based platform that analysed global agricultural data with super intelligence

United States$117 millionBusiness model failed
Closed2004 – 2024

instela (İTÜ Sözlük)

A collaborative dictionary born as İTÜ Sözlük that turned into a social community called instela

TurkeyLost to competitors
Closed2011 – 2024

InVision

The prototyping tool of design teams: fell behind Figma, from USD 1.9 billion to closure

UnicornUnited States$350 millionLost to competitors
Closed2014 – 2024

Karhoo

The London taxi app that set out to rival Uber and went into administration twice

United KingdomRan out of cash
Closed2013 – 2024

Koinim

A first-generation Turkish bitcoin wallet and trading platform, launched in 2013

TurkeyRegulation and legal issues
Closed2019 – 2024

Koo

The microblogging app born in India as a home-grown alternative to Twitter

IndiaRan out of cash
Closed2006 – 2024

Mint

A personal finance app that brought bank, card and investment accounts together on one screen

United States$31 millionAcquired and shut down
Closed2019 – 2024

Motif FoodWorks

Motif made a heme protein to give plant-based meat its flavour, then closed in 2024 after a patent fight

United States$345 millionRegulation and legal issues
Closed2007 – 2024

OneSmart International Education

China's premium tutoring chain shut its doors almost overnight after the 2021 crackdown

UnicornChina$179.3 millionRegulation and legal issues
Closed2012 – 2024

Royole Corporation

The Chinese display maker that sold a foldable phone before Samsung was ordered into liquidation in 2024

UnicornChinaRan out of cash
Closed2014 – 2024

Selina Hospitality

Hostels and co-working for digital nomads: from USD 1.2 billion to a 99% loss

UnicornUnited KingdomRan out of cash
Closed2007 – 2024

Shapeways

The marketplace that opened 3D printing to everyone lasted three years on the stock market

United StatesRan out of cash
Closed1988 – 2024

Silvergate Capital

A small California bank turned crypto's banker, then chose voluntary liquidation in 2023 after FTX fell

United StatesMacroeconomic crisis
Closed? – 2024

Superpeer

The platform where experts and influencers held paid one-to-one calls and livestreams

Turkey$10 millionAcquired and shut down
Closed2014 – 2024

Synapse

Banking-as-a-service infrastructure that sat between fintech companies and banks

United States$51 millionTeam problems
Closed2015 – 2024

Tally

The fintech valued at $855 million that managed credit card debt automatically

United States$172 millionRan out of cash
Closed2018 – 2024

Terraform Labs

The company behind the Terra blockchain, which created the algorithmic stablecoin UST and LUNA

UnicornSingapore$200 millionFraud
Closed2019 – 2023

54gene

A Nigerian start-up that set out to open up Africans' genomic data to drug research

Nigeria$45 millionRan out of cash
Closed2017 – 2023

AppHarvest

A company that grew soil-free crops in giant greenhouses in Kentucky's coal country

UnicornUnited States$800 millionRan out of cash
Closed2013 – 2023

Babylon Health

The health company offering an SI-powered chatbot and video consultations with doctors

UnicornUnited Kingdom$635 millionBusiness model failed
Closed2013 – 2023

Boxed

The online retailer that delivered bulk-size goods to the door without a membership fee

United States$243 millionRan out of cash
Closed2019 – 2023

Britishvolt

The start-up that set out to build an electric-vehicle battery gigafactory in the north of England

UnicornUnited Kingdom$250 millionRan out of cash
Closed2011 – 2023

BuzzFeed News

BuzzFeed's Pulitzer-winning investigative journalism and news division

United StatesBusiness model failedCorporate product
Closed2015 – 2023

Convoy

A digital freight broker that used software to match shippers with truckers

UnicornUnited States$665 millionMacroeconomic crisis
Closed2011 – 2023

Dergilik (Turkcell)

Turkcell's digital publishing platform offering hundreds of magazines and newspapers in a single app

TurkeyBusiness model failedCorporate product
Closed2014 – 2023

Ello

The social network born as an ad-free alternative to Facebook that became an artists' community

United States$5.9 millionBusiness model failed
Closed2016 – 2023

Embark Trucks

A start-up that built self-driving software for long-haul lorries and went public via a SPAC

UnicornUnited StatesBad timing
Closed2016 – 2023

Frank

The student financial aid start-up that JPMorgan bought

United StatesRegulation and legal issues
Closed2014 – 2023

Hyperloop One

The company that promised aircraft-speed travel in magnetic pods running through low-pressure tubes

United States$400 millionNo market need
Closed2013 – 2023

Infarm

The Berlin company that put farms inside supermarkets never turned a profit, despite USD 500 million

UnicornGermany$500 millionBusiness model failed
Closed2018 – 2023

IRL

An events and messaging network for young people whose users turned out to be 95 per cent bots

UnicornUnited States$200 millionRegulation and legal issues
Closed2014 – 2023

JOLED

Born from Sony and Panasonic's OLED units, Japan's printed display hope never made the process pay

JapanProduct problems
Closed2021 – 2023

LINK Türkiye (Superpedestrian)

US-based Superpedestrian's shared scooter service in Istanbul, Ankara and Izmir

TurkeyRegulation and legal issues
Closed2018 – 2023

Lordstown Motors

The company that tried to build the Endurance electric pickup in GM's former Ohio plant

UnicornUnited States$675 millionRan out of cash
Closed2020 – 2023

Mevsimi

The Turkish start-up that brought seasonal fruit and vegetables straight from growers to the door, with no mid

TurkeyMacroeconomic crisis
Closed2014 – 2023

Modacruz

A mobile marketplace where women bought and sold second-hand luxury clothing and accessories

Turkey$7 millionAcquired and shut down
Closed2011 – 2023

Morhipo

Boyner Holding's fashion site that brought new-season products and promotions together in one place

TurkeyBusiness model failedCorporate product
Closed? – 2023

Multichain

A crypto bridge moving billions stopped in 2023 because one man held the keys

UnicornSingapore$60 millionTeam problems
Closed2019 – 2023

Neeva

A search engine founded by a former Google executive that promised search without ads or tracking

United States$77.5 millionLost to competitors
Closed2012 – 2023

Olive AI

Set out to automate the hospital back office: from USD 4 billion to a piecemeal sale

UnicornUnited States$850 millionBusiness model failed
Closed2013 – 2023

Pear Therapeutics

The FDA-authorised digital health pioneer developing prescription software therapies

UnicornUnited States$264 millionBusiness model failed
Closed2004 – 2023

Proterra

The US company making electric city buses, battery systems and charging infrastructure

UnicornUnited States$1.3 billionBusiness model failed
Closed2014 – 2023

Singulato

An early Chinese EV start-up: RMB 17 billion claimed, and not a single car sold

UnicornChina$2.3 billionProduct problems
Closed2014 – 2023

SmileDirectClub

It posted clear aligners to your door, fell 28 per cent on listing day and shut down four years later

UnicornUnited StatesBusiness model failed
Closed2018 – 2023

Thundra

A platform for monitoring, debugging and securing serverless applications such as AWS Lambda

Turkey$4 millionAcquired and shut down
Closed2017 – 2023

Trapmine

The security software that used machine learning to protect corporate computers from malware

TurkeyAcquired and shut down
Closed2009 – 2023

VanMoof

The Dutch brand that sold its own smart electric bikes direct to customers

Netherlands$100 millionRan out of cash
Closed2008 – 2023

Veev

A housing start-up that built walls in a factory: half of its USD 400 million round never arrived

UnicornUnited States$600 millionRan out of cash
Closed2017 – 2023

Virgin Orbit

Launched rockets from under a Boeing 747's wing: from USD 3.7 billion to a USD 36 million auction

UnicornUnited StatesRan out of cash
Closed2009 – 2023

Zulily

The e-commerce site offering mothers daily flash sales on children's products

UnicornUnited States$139 millionAcquired and shut down
Closed2015 – 2023

Zume

The start-up that went from robot-made pizza baked in the delivery van to packaging

UnicornUnited States$429 millionFailed pivot
Closed2013 – 2023

Zymergen

The company that set out to make materials from microorganisms using genomics and machine learning

UnicornUnited States$876 millionProduct problems
Closed2019 – 2022

Airlift

A Pakistani start-up that went from a shuttle bus app to 30-minute grocery delivery

Pakistan$110 millionRan out of cash
Closed2016 – 2022

Argo AI

A Ford- and Volkswagen-backed company developing software and hardware for driverless cars

UnicornUnited States$3.6 billionBad timing
Closed2019 – 2022

Barty

A peer-to-peer platform where second-hand goods were swapped for points rather than money

TurkeyBusiness model failed

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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.