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)

121-180 of 1,744 startups

Closed2018 – 2022

BenzinLitre

The app that mapped petrol stations with their latest prices and facilities

TurkeyBusiness model failed
Closed2017 – 2022

BlockFi

A $3 billion company offering lending products backed by crypto assets

UnicornUnited States$1.3 billionMacroeconomic crisis
Closed2007 – 2022

Bobiler.org

The photomontage community that brought "monte" culture to Turkish internet humour

TurkeyMacroeconomic crisis
Closed2013 – 2022

Bulb Energy

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

United KingdomMacroeconomic crisis
Closed2017 – 2022

Celsius Network

A crypto lending platform that promised depositors returns of up to 17 per cent

UnicornUnited States$494 millionFraud
Closed2008 – 2022

Edmodo

The social network-style learning platform for teachers and students

United StatesAcquired and shut down
Closed2020 – 2022

Electric Last Mile Solutions

Liquidated a year after listing: the USD 1.4 billion electric delivery van start-up

UnicornUnited StatesRan out of cash
Closed2014 – 2022

Enjoy Technology

The architect of the Apple Store took retail to the doorstep; the company lasted under a year as a listed firm

UnicornUnited StatesBusiness model failed
Closed2016 – 2022

Fair

SoftBank's car subscription bet burned through over USD 2 billion of financing and ended in 2022

UnicornUnited States$2 billionBusiness model failed
Closed2019 – 2022

Fast

The Stripe-backed fintech that wanted to bring one-click checkout to every e-commerce site

United States$124.5 millionRan out of cash
Closed2019 – 2022

FTX

The crypto exchange that reached a $32 billion valuation and collapsed within days

UnicornBahamas$1.3 billionFraud
Closed2001 – 2022

GittiGidiyor

The site that started with auctions and grew into one of Turkey's longest-established marketplaces

TurkeyAcquired and shut down
Closed2017 – 2022

Gönder

A grocery platform that brought neighbourhood shopkeepers' goods to the door through online ordering and deliv

TurkeyLost to competitors
Closed2014 – 2022

Kite

The pre-Copilot assistant that offered super intelligence autocompletion as you coded

United StatesBusiness model failed
Closed2010 – 2022

Kitty Hawk

The electric flying vehicle start-up backed by Larry Page

United StatesBusiness model failed
Closed2011 – 2022

LendUp

A fintech offering short-term online loans and credit cards to people with poor credit scores

United States$325 millionRegulation and legal issues
Closed2007 – 2022

Local Motors

The 3D-printed vehicle start-up that designed with its community and built in microfactories

United StatesFailed pivot
Closed2010 – 2022

Made.com

The British online furniture brand fell from GBP 775 million to a GBP 3.4 million sale in 17 months

UnicornUnited KingdomRan out of cash
Closed2018 – 2022

Nice Tuan (Shihuituan)

Alibaba-backed Chinese community group buying platform: raised USD 1.3 billion, closed in 2022

China$1.3 billionLost to competitors
Closed2020 – 2022

Nimo TV Türkiye

The live-streaming platform through which China's Huya gathered mobile gaming streamers in Turkey

TurkeyRan out of cash
Closed2010 – 2022

Pharmapacks (Packable)

One of Amazon's biggest sellers went into wind-down in 2022 after its SPAC merger fell through

UnicornUnited StatesRan out of cash
Closed2013 – 2022

TutumluAnne

The Turkish marketplace where mothers bought and sold second-hand children's and women's items

TurkeyLost to competitors
Closed2018 – 2022

Voyager Digital

The crypto broker offering trading and loyalty rewards that lent out its assets

UnicornUnited States$100 millionMacroeconomic crisis
Closed2017 – 2022

Yaani

Turkcell's mobile-first search engine, launched with the promise of keeping data in Turkey

TurkeyLost to competitors
Closed2010 – 2022

Yakala.co

The Turkish daily-deals site, backed by Hürriyet, that stood out for its witty voice

TurkeyBusiness model failed
Closed2015 – 2022

Zilingo

A marketplace and B2B platform digitising fashion sellers and the supply chain in Asia

Singapore$308 millionTeam problems
Closed2016 – 2021

Arıkovanı

Turkcell's reward-based crowdfunding platform for technology start-ups

TurkeyBusiness model failedCorporate product
Closed2016 – 2021

Byton

The Chinese-German electric car brand that never reached series production

UnicornChina$1.2 billionRan out of cash
Closed2018 – 2021

Coinzo

An İzmir-based platform that ranked among Turkey's five most-used crypto exchanges

TurkeyRegulation and legal issues
Closed2016 – 2021

Element AI

The Montreal super intelligence company co-founded by Yoshua Bengio

CanadaRan out of cash
Closed2011 – 2021

Greensill Capital

The supply chain finance firm that grew at breakneck speed and collapsed in 2021

UnicornUnited Kingdom$1.1 billionBusiness model failed
Closed2016 – 2021

Houseparty

The group video chat app that told you when your friends were online

United States$64 millionAcquired and shut down
Closed2015 – 2021

Katerra

A construction technology company that built walls in a factory and assembled them on site

UnicornUnited States$2 billionRan out of cash
Closed2016 – 2021

Knotel

The $1.6 billion WeWork rival that built flexible, dedicated headquarters for companies

UnicornUnited States$560 millionBusiness model failed
Closed2014 – 2021

Periscope

The app that popularised live streaming from your phone, bought and then closed by Twitter

United States$1.5 millionAcquired and shut down
Closed2009 – 2021

Simple

One of the first branchless, app-first neobanks

United StatesAcquired and shut downCorporate product
Closed2017 – 2021

Thodex

The Turkish crypto exchange, founded as Koineks, that went dark overnight in 2021

TurkeyRegulation and legal issues
Closed2018 – 2021

Tongcheng Life

Neighbourhood group buying for groceries: USD 300 million raised, then bankruptcy owing 1,000 suppliers

China$300 millionLost to competitors
Closed2017 – 2021

Vebitcoin

The Muğla-based crypto platform that halted operations right after Thodex

TurkeyRegulation and legal issues
Closed2013 – 2021

Zomato Türkiye

The restaurant discovery platform that grew by buying Mekanist, and came and went twice

TurkeyBusiness model failed
Closed2004 – 2020

Alkışlarla Yaşıyorum

The video site that became Turkey's archive of comedy clips during the years YouTube was blocked

TurkeyRegulation and legal issues
Closed2017 – 2020

Atrium

A company from Twitch's co-founder that delivered legal services to start-ups through software

United States$75.5 millionBusiness model failed
Closed2005 – 2020

Blogcu.com

Turkey's first free blogging service, which helped hundreds of thousands of people start a blog

TurkeyLost to competitors
Closed2016 – 2020

Brandless

The unbranded everyday-essentials start-up that sold every product for $3

United StatesBusiness model failed
Closed2016 – 2020

Careem Türkiye

The Gulf ride-hailing start-up's taxi-hailing service in Istanbul, Bursa and Adana

TurkeyRegulation and legal issues
Closed2015 – 2020

Essential Products

The hardware start-up from Android co-founder Andy Rubin that only ever shipped one phone

UnicornUnited States$300 millionLost to competitors
Closed2018 – 2020

Glovo Türkiye

The Turkish arm of the Spanish app that brought everything from meals to groceries to the door by courier

TurkeyLost to competitors
Closed2012 – 2020

Hemen Kiralık

The Turkish rental site connecting hosts with people renting flats by the night or the day

Turkey$3.5 millionLost to competitors
Closed2015 – 2020

Honestbee

The Singaporean platform that delivered groceries through personal shoppers

SingaporeRan out of cash
Closed2016 – 2020

HubHaus

The co-living start-up that leased large houses and opened their rooms to young professionals

United States$13.4 millionMacroeconomic crisis
Closed2014 – 2020

Jet.com

The online retailer that took on Amazon on price, then was bought and shut down by Walmart

UnicornUnited States$820 millionAcquired and shut down
Closed2014 – 2020

ofo

The Chinese dockless bike-sharing company whose yellow bikes spread to 20 countries

UnicornChina$2.1 billionRan out of cash
Closed2018 – 2020

OtoParlat

A mobile car-wash service that cleaned vehicles where they were parked, without using water

TurkeyRan out of cash
Closed2001 – 2020

Proteus Digital Health

A digital medicine company valued at USD 1.5 billion that put ingestible sensors into pills

UnicornUnited States$500 millionBusiness model failed
Closed2018 – 2020

Quibi

The streaming service that raised $1.75 billion for short shows made to be watched on a phone

UnicornUnited States$1.8 billionNo market need
Closed2014 – 2020

ScaleFactor

The start-up that raised $100 million on the promise of automating accounting with super intelligence

United States$100 millionProduct problems
Closed? – 2020

Smopin

The swipe-based chat app that matched strangers who wanted to talk about the same topic

TurkeyBusiness model failed
Closed2016 – 2020

Starsky Robotics

The driverless lorry start-up: autonomous on the motorway, remotely driven in town

United States$21.5 millionBad timing
Closed1999 – 2020

Wirecard

The payments company that rose into the DAX, then collapsed over €1.9 billion that had gone missing

GermanyFraud
Closed2010 – 2020

Wunderlist

The Berlin-born to-do list app that reached 13 million users

Germany$23.9 millionAcquired and shut down

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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.