3 Failed Swedish Startups & the Reasons Behind
Swedish startups are on the rise lately.
This means more successful businesses… but at the same time, more failures.
Here’s a quick list of 3 startups from Sweden that have shut down.
3 Failed Swedish Startups
1) Brisk
Brisk was a sales and marketing platform founded in 2012. They started to offer customization to paying customers, but this became costly in the long term.
Details of the startup:
- Founders: Alfred Beckman, Andreas Pålsson, Hampus Jakobsson, Mikael Tellhed
- Industry: Marketing
- Started in: 2012
- Closed in: 2016
- Nº of employees: 10-50
- Funding Amount: < $1M
- Specific cause of failure: Lack of Focus
You can read more about their failure here.
2) Brisk
Brisk was a prescriptive intelligence company which suffered from lack of focus. Being dependant on Salesforce was a fatal mistake.
Details of the startup:
- Founder: Hampus Jakobsson
- Industry: Software & Hardware
- Started in: 2012
- Closed in: 2016
- Specific cause of failure: Lack of Focus
You can read more about their failure here.
3) Lockpick Entertainment
Lockpick Entertainment was a small game studio, that created Dreamlords, a famous MMORTS game. They did it well, making thousands per month. But they began to increase the scope, and after 6 years, they went out of business due to bankruptcy.
Details of the startup:
- Founder: Jesper Bylund
- Industry: Software & Hardware
- Started in: 2006
- Closed in: 2012
- Specific cause of failure: Competition
You can read more about their failure here.
