5 Biggest Startup Failures in the World

In this article, we will be covering the biggest startup failures in the world. If you want to read a detailed article on the startup industry, go directly to the 15 Biggest Startup Failures in the World. 

5. ScaleFactor

Total Disclosed Funding: $104 Million

The founder of ScaleFactor blamed the COVID-19 pandemic for the failure of the startup. However, ScaleFactor was suffering at an early stage, even before the pandemic began. ScaleFactor is one of the biggest startup failures in the world.

4. Beepi

Total Disclosed Funding: $149 Million

Beepi was founded by Ale Resnik and Owen Savir with the idea of becoming a P2P platform for buying and selling used cars. Backed by 36 investors, Beepi couldn’t survive due to its excessive spending which led to its failure. Beep is ranked fourth on our list of the biggest startup failures in the world.

3. Anki

Total Disclosed Funding: $205 Million

Founded in 2010, Anki was a robotics and artificial intelligence startup. The company closed when it was near to completing its 10th year. Anki was unable to continue and became one of the biggest startup failures in the world.

2. Jawbone

Total Disclosed Funding: $929.9 Million

In our list of the biggest startup failures in the world, Jawbone is right there at the top. Hosain Rahman and Alexander Asseily founded Jawbone which was backed by 21 investors.

1. Quibi

Total Disclosed Funding: $1.75 Billion

One of the biggest startup failures in the world, Quibi was a streaming platform that was launched by Jeffrey Katzenberg. Quibi was led by a team of industry experts and raised $1.75 billion in two rounds. Unfortunately, Quibi couldn’t survive for long and failed badly. 

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