Dopplr failure

Dopplr

Social travel network service

Description

Dopplr was a social travel network service. With Dopplr users could create personalized travel schedules with the option to share and link their trip plans with people in their contact list so as to coordinate a meeting or simply keep track of each other journeys. Dopplr was established in 2007 and had headquarters in the UK.

Stats

Category
Travel
Country
United States
Started
In 2007
Closed
Active
Number of Founders
Five
Name of Founders
Dan Gillmor, Lisa Sounio, Marko Ahtisaari, Matt Jones, Taneli Tikka
Number of Employees
Between 1 And 10
Number of Funding Rounds
3
Total Funding Amount
No Data
Number of Investors
16
Precise Cause of Failure
Acquisition Flu
Business Outcome
Shut Down

Cause of Failure

Dopplr had a stellar team of investors and seemed a promising company. In 2009, however, came news that Nokia had acquired the startup for about $20 million. The company’s value and the number of Dopplr user’s freefall since Nokia's purchased it. The platform was maintained for a while without further development before Nokia pulled the plug in late 2013, effectively shutting down Dopplr.

Go on Reading

Other Startups