The 25 most valuable US startups that failed this year

most valuable failed vc backed startups 2x1

Having millions of dollars in backing from venture capitalists doesn’t guarantee the longevity of a startup.

Even well-established private companies are at constant risk of failure, as evidenced by some of the startups that went out of business this year. PitchBook compiled data on the 25 most valuable startups that failed in 2018; three of these companies have been around for more than 20 years and were still forced to shutter.

Startups in the healthcare industry took a big hit — seven companies on the list are in the medical sector.

The list is headed by Theranos, the blood-testing company, whose $9 billion valuation was greater than those of all the other startups on the list combined.

Here are the 25 most valuable VC-backed startups that failed in 2018:

SEE ALSO: The 25 most valuable private tech companies in the US

25. SDCmaterials — automobile nanotechnology

Year founded: 2004

Maximum valuation: $48 million

Amount raised: $26 million

Read more about SDCmaterials on PitchBook.

24. Senzari — music and entertainment data intelligence

Year founded: 2010

Maximum valuation: $52 million

Amount raised: $13 million

Read more about Senzari on PitchBook.

23. Industrial Origami — industrial material manufacturer

Year founded: 2003

Maximum valuation: $58 million

Amount raised: $41 million

Read more about Industrial Origami on PitchBook.

See the rest of the story at Business Insider
Source: Business insider

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