Girişimci Kafası archive

Real estate and construction

Real estate and construction: the closure stories and lessons of 13 startups.

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)

13 startups

Closed2015 – 2025

Zingat

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

TurkeyAcquired and shut down
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
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
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 – 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
Closed2016 – 2019

Evtiko Türkiye

A property start-up that made offers on homes within 48 hours, bought them, renovated them and sold them on

Turkey$8.3 millionMacroeconomic crisis
Closed2013 – 2014

Metrekare.com

A mobile-first, next-generation property listings site with neighbourhood-level price analysis

TurkeyLost to competitors
Closed2004 – 2022

Secora

Norwegian state owned company

Norway
Closed1995 – 2020

CG Gruppe

Real estate and construction

Germany
Closed2012 – 2016

Numergy

French cloud computing company

France
Closed2002 – 2015

Signal International

Marine construction company

United States
Closed1990 – 2005

Hermitage Group

Real Estate Developer

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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.