Failed 2023

    Thinkific (Stock Collapse)

    Vancouver-based Thinkific listed on the TSX in 2021 then lost over 90% of its market cap as creator-economy spending collapsed.

    Founded → Closed

    2012 → 2023

    Funding Raised

    $200M

    Industry

    EdTech/SaaS

    Country

    Canada

    Full Analysis

    Vancouver-based Thinkific provides course-creation software for online educators. After a CAD$1.4B+ IPO in 2021, the stock fell over 90% by 2023 as creator-economy spending normalized post-COVID. Thinkific conducted a 20% workforce reduction. A Canadian poster-child for COVID-era SaaS over-valuation.

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