BFC Bulletins Monthly News Digest
Tags Startups
Analytical company PitchBook collected data on startups that closed last year. Here are the 10 most expensive to close their doors in 2018:
10.Fallbrook Technologies – founded in 1998, the company provided automatic gear shift technology for bicycles. It closed in March 2018, having raised USD 171 million in funds and having achieved a maximum estimated value of USD 169 million.
9.ReVision Optics– founded in 1996, the company provided surgical eye implants for the treatment of myopia and the reduction of natural aging in eyes. It closed in January 2018, having raised USD 175 million in funds and having achieved a maximum estimated value of USD 183 million.
8.Medical Simulation – founded in 1998, the company developed medical educational simulators. It closed in May 2018, having raised USD 55 million in funds and having achieved a maximum estimated value of USD 194 million.
7.Airware – founded in 2001, the company collected analytical data using drones. It closed in September 2018, having raised USD 104 million in funds and having achieved a maximum estimated value of USD 59 million.
6.ItsOn – founded in 2008, the company offered a cloud platform to improve the performance of mobile devices. It closed in January 2018, having raised USD 41 million in funds and having achieved a maximum estimated value of USD 243 million.
5.Shyp – founded in 2013, the company provided an on-demand delivery service. It closed in March 2018, having raised USD 62 million in funds and having achieved a maximum estimated value of USD 275 million.
4.Rethink Robotics – founded in 2008, the company developed industrial robots for production automation. It closed in October 2018, having raised USD 150 million in funds and having achieved a maximum estimated value of USD 291 million.
3.Videology – founded in 2007, the company was an advertising and video platform. It closed in August 2018, having raised USD 233 million in funds and having achieved a maximum estimated value of USD 311 million.
2.Lytro – founded in 2006, the company produced cameras capable of recording information about the color, intensity and vector of light rays. It closed in March 2018, having raised USD 202 million in funds and having achieved a maximum estimated value of USD 360 million.
1.Theranos – founded in 2003, the company developed equipment for rapid blood tests. It closed in September 2018, having raised USD 910 million in funds and having achieved a maximum estimated value of USD 9 billion.
