Startups Failure Tracker: Coronavirus Adds To Strain As Venture Capital Slows - News Summed Up

Startups Failure Tracker: Coronavirus Adds To Strain As Venture Capital Slows


Coronavirus has led to further tightening of venture capital for startups. © 2020 Bloomberg Finance LPHeaded into 2020, startups accustomed to years of plentiful venture capital faced leaner times. Startups like Hipmunk and Service shut their doors this quarter after efforts to extend their capital lifelines fell through. ConsiderDate closed: March 2020Number of employees: 10+Money raised: $5 million from investors, including Kleiner Perkins, Bedrock CapitalHeadquarters: San FranciscoWhat it did: An enterprise-facing email platform. HipmunkDate closed: January 2020Number of employees: 50+Money raised: $55 million from investors including Oak Venture Partners, Institutional Venture Partners (IVP), Ignition PartnersHeadquarters: San FranciscoWhat it did: A flight and hotel booking site.


Source: Forbes March 25, 2020 10:50 UTC



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