14 Countries · 392+ Case Studies

    Failed Startups by Country

    The world's most comprehensive country-by-country failure database. $678.4B+ in destroyed capital across 14 ecosystems — what went wrong, why, and what every founder should learn from each market.

    14
    Countries
    392+
    Failed Startups
    $678.4B+
    Capital Lost

    North America

    2 countries
    🇺🇸

    United States

    North America

    Silicon Valley, NYC, Austin & Miami — the largest startup graveyard on earth.

    201failures
    $241.9Blost
    🇨🇦

    Canada

    North America

    Hopper, Drop, Wealthsimple-era pullbacks and the Toronto-Waterloo cooling.

    8failures
    $3.1Blost

    Europe

    5 countries
    🇩🇪

    Germany

    Europe

    Wirecard, Gorillas and the Berlin scale-up correction.

    20failures
    $46.3Blost
    🇬🇧

    United Kingdom

    Europe

    London fintech, scale-ups and Silicon Roundabout collapses.

    11failures
    $17.4Blost
    🇪🇺

    Europe (Pan-EU)

    Europe

    Cross-border European failures: fragmented markets, regulation and capital gaps.

    1failure
    $13.8Blost
    🇮🇹

    Italy

    Europe

    Mosaicoon, Velasca, Supermercato24 — the lessons of the Italian ecosystem.

    16failures
    $8.5Blost
    🇫🇷

    France

    Europe

    Station F unicorns, French Tech failures and post-2022 fundraising freeze.

    16failures
    $5.9Blost

    Asia

    4 countries
    🇨🇳

    China

    Asia

    Bike-sharing wars, Luckin Coffee fraud and the post-tech-crackdown shake-out.

    2failures
    $120.0Blost
    🇮🇳

    India

    Asia

    Byju's, Snapdeal, BharatPe — 25+ unicorn collapses from the world's 3rd largest ecosystem.

    29failures
    $38.2Blost
    🇸🇬

    Singapore & SEA

    Asia

    Honestbee, Zilingo and the Southeast Asian super-app implosions.

    9failures
    $22.9Blost
    🇮🇩

    Indonesia

    Asia

    Tanihub, Fabelio and the Jakarta unicorn correction.

    6failures
    $573Mlost

    Latin America

    1 country
    🇧🇷

    Brazil

    Latin America

    Loft, Olist, Facily — the brutal correction in Brazilian tech post-2022.

    8failures
    $3.1Blost

    Oceania

    1 country
    🇦🇺

    Australia

    Oceania

    Milkrun, Brighte, Send and the post-zero-rate Aussie scale-up wipeout.

    6failures
    $604Mlost

    Africa

    1 country
    🇳🇬

    Nigeria & Africa

    Africa

    Dash, 54gene, Sendy — African unicorn collapses and the funding cliff.

    6failures
    $95Mlost

    Why Country-Specific Failure Analysis Matters

    Startup failure patterns are radically local. Indian startups die from unit economics in a $2-ARPU market. American startups burn out from premature blitzscaling. European startups stall on fragmented multi-country expansion. Brazilian and Indonesian startups get crushed by interest-rate-driven funding cliffs. Singaporean super-apps implode under unsustainable subsidies.

    Studying global "top 10 reasons startups fail" lists is useful — but studying your local ecosystem's specific failure pattern is 10x more actionable. Each country page below combines documented case studies, ecosystem-specific cultural factors, locally-tuned founder lessons, and an FAQ optimized for that market's queries.

    For founders building in 2025-2026, the cheapest education in the world is studying who tried what you're about to try — and lost millions doing it.

    Don't become a case study.

    Validate your idea before you raise, hire, or build. Learn from the 392+ failures in this database — then run your own idea through an honest, evidence-based AI validation in 60 seconds.