// startup autopsy

AGELON М

A Russian SaaS pioneer that ran out of road

marketfitSilent Shutdown

Quiet closure with no public announcement · Fatal mistake: Targeted a Russian enterprise SaaS market that lacked the maturity and buyer readiness to support early-stage subscription software.

Founded	2012
Closed	2014
Country	Russia
Sector	Saas

50%

Key Events Timeline

2012-01-01

FOUNDING

AGELON М founded in Russia, entering the nascent Russian enterprise SaaS market.

2013-01-01

FUNDING

Raised $0.225M in its only known funding round, providing minimal capital to develop and commercialize its SaaS product.

2013-09-01

PRODUCT LAUNCH

Launched product to Russian business customers, but encountered slow adoption in an underdeveloped SaaS market.

2014-06-01

SHUTDOWN

AGELON М closed operations as funding was exhausted and market traction failed to materialize.

Full Analysis

Analyst plan

Documented cause

AGELON М raised $0.225M in Russia in 2013 and closed the following year. The Russian SaaS market was nascent during this period, with limited venture capital availability and underdeveloped enterprise software ...

adoption among Russian companies. The startup faced significant headwinds including a small addressable market, low willingness to pay for SaaS solutions in Russia at the time, and insufficient fundin

Verified lesson

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€0.3M

Peak valuation

HypeCycle · MoatType · ResearchTags

AGELON М raised €0.225M before targeted a russian enterprise saas market that lacked the maturity and buyer readiness to support early-stage subscription software. ended it. See the documented cause, verified lesson and all failure signals.

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