// startup autopsy
Ixim Tech
Guatemalan agritech built for farmers who didn't have smartphones, then lost crops to drought.
unit economicsSlow Death
Years-long decline before final shutdown
| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Guatemala |
| Sector | Agriculture |
| Founder | Diego Ajú, Fernanda López |
// the model, blind
Evaluating only Ixim Tech’s profile at its peak — without knowing the outcome — the model ranked Market too small as the #1 likely cause. Documented cause: Unit economics.
Key Events Timeline
FOUNDING
Diego Ajú and Fernanda López co-found Ixim Tech to digitize Guatemala's corn supply chain.
FUNDING
Raises $800K from ALIVE Ventures and IDB Lab to scale field agent network.
PIVOT
Field agent costs hit $22K/month; smartphone penetration below 30% stalls digital onboarding.
SHUTDOWN
Q1 2023 drought destroys partner harvests; company folds in September with no viable revenue path.