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Countless startups are being launched every day in Belgium.
Many fail because they did not learn from the success of other companies who've managed to rise above.
We just published this list of 3 failed startups from Belgium with analyses on why they shut down, and interviews with their founders.
Information about the industries, stages and countries they generally invest in.
Get the Sheet for $50
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50
TakeEatEasy enabled restaurants to provide a reliable delivery service for their customers. Their margins were insufficient and closed doors after 3 years.
Details of the startup:
Founders:
Adrien Roose, Chloé Roose, Jean-Christophe Libbrecht, Karim Slaoui
Country:
Belgium
Industry:
Food & Beverage
Started in:
2013
Closed in:
2016
Nº of employees:
100-250
Funding Amount:
$10M-$50M
Specific cause of failure:
Competition
You can read more about their failure here.
Pierre co-founded Hello Tyro, a platform matching students with internship opportunities in Belgian startups. They raised €250k and reached €4k MRR at their top but didn't find Product-Market Fit. They ran out of cash and filed for bankruptcy in 2020.
Details of the startup:
Founder:
Pierre Tillement
Country:
Belgium
Industry:
Software & Hardware
Started in:
2017
Closed in:
2020
Funding Amount:
$100K-$500K
Specific cause of failure:
No Market Need
You can read more about their failure here.
Toby founded two projects that gave him lots of valuable lessons for his current Startup Mill projects. They were RealityHunt and "I Voted Remain". He learned to build a simple landing page before committing to building it and to build processes that simplify your way of working.
Details of the startup:
Founder:
Toby Allen
Country:
Belgium
Industry:
Software & Hardware
Started in:
2016
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
