According to data from multiple sources, the startups closed in 2024 were closed. Considering the crazy company funded by the crazy period in 2020 and 2021, this is not surprising.

It seems that we have not yet completed, and 2025 may be another year for startups to close.

TechCrunch collected data from multiple sources and found similar trends. According to CARTA, in 2024, 966 startups were closed, and 769 in 2023. This increased by 25.6 %. A comment on methodologies: These numbers are for Carta customers. They leave Carta due to bankruptcy or dissolution. Peter Walker, the person in charge of Carta, estimates that there may be other shutdings that may not be explained by Carta.

"Yes, at each stage, the closing time increased from 2023 to 2024. However, in 2020 and 2021, more company funded (with greater rounds). Predict Closing is naturally increased by risk investors. "He said.

At the same time, Walker admits that it is difficult to accurately estimate how it is closed or it will be estimated.

He told TechCrunch: "I dare to bet, we lack a good part." "Many companies leave Carta without telling us why they leave."

At the same time, angelist discovered that there were 364 startups in 2024, and 233 in 2023. This is a 56.2 % growth. However, Avlok Kohli, CEO of Angelism, has a very optimistic attitude and pointed out that "the number of companies with two years of funds is still low."

Layoffs.fyi discovered a contradictory trend: 85 technology companies closed in 2024, while 2023 were 58 in 109 and 2022. In the 2024 technology shutdown, 81 % were startups, the rest were listed companies or companies acquired before, and were later closed by its parent company.

VCS does not choose "winner"

Such a large number of companies conducted the interesting valuation funds with well -known diligence in 2020 and 2021. This is logical. Until three years, more and more people cannot raise more cash to fund them to support them. operations. Investment in the valuation of Ethereum will increase risks, so that investors do not want to invest more, unless the business growth is very good.

Walker said: "The effective assumption is that VCS is not better to choose a winner as an asset category in 2021." Moreover, if the good company's hit rate remains flat, we provide funds for more companies, then you should be in a few years. Then you should be in a few years. Hope to close more. This is our place in 2024. "

The startup Dori Yona, which aims to automatically close the process, is the chief executive and co -founder of Simpereclosure. He believes that in 2021, we see that a large number of startups "may receive seed funds before preparing."

Yona explained that only getting this money may fail.

He pointed out: "Fast capital injection sometimes encourages the mentality of high combustion rate and full cost, which leads to sustainable challenges, because the market has changed greatly." Therefore, "in recent years, despite the funding for funding a lot of funds and early early days Promise, many high -profile companies still stop operation. "

The main motivation behind closing is obvious.

Walker said: "Cash is usually a near reason." "However, the fundamental reason may be that the lack of product market fitting, lack of ability to obtain cash flow, and overestimation lead to unable to continue fundraising."

Looking forward to the future, Walker also hopes that we will continue to see more closes in the first half of 2025, and then gradually decline in the remaining time this year.

The prediction is mainly based on the time delay of capital peak, and he estimates that this is most of the first quarter of 2022. Therefore, by the first quarter of 2025, "most companies either find a new way forward or have to make this difficult choice."

Kohli's consent of the angelist. He said, "Not all of them were eliminated." "Not even closed."

This year, we have seen a home -based delivery startup Pandion announce that it is closed. The company was established during the period and raised about $ 125 million in equity in the past five years. In December, Proptech Easyknock suddenly closed. EasyKNOCK is a family that is the first residential sales leasing provider that is the first support technology. It was established in 2016 and raised $ 455 million in funds from Backers.

Cross -industry startup, stage, stage

Last year, the types of companies that were affected in various industries and stages.

Carta (CARTA) to the company's Enterprise SaaS company to get the largest blow to the data point-accounting for 32 % of the closure. Consumers follow 11 %; health technology is 9 %; fintech accounts for 8 %, and biotechnology is 7 %.

Walker said: "These percentages are very consistent with the initial funds of these departments." "In essence, this is the closure of each start -up enterprise field, and there is no great better. This supports this theory. The main reason for the increase is that The macro economy, that is, changes in interest rates, and lack available venture capital and 2024 in 2023.

Layoffs.fyi's younger collections found that finances accounted for 15 % of food (12 %) and medical care (11 %), ranking second and third.

In terms of phase, SimpleClosure's data found that 74 % of all closes of all off seeds or seeds since 2023 are the majority of the seed stage (41 %).

When the inventory is completely dry, most startups often close, although some startups will see writing on the wall very early to return them to their investors.

Yona said: "Most failed startups (60 %) do not have enough funds to return to investors." "The average founder of the founder who planned to refund the funds was 630,000 US dollars, accounting for about 10 % of the total raising."

YONA also predicts that the start -up speed will not slow down quickly.

Yona said: "Technical zombies and entrepreneurial cemeteries will continue to become headlines." "Although new investment, many companies are overestimated without sufficient income."