Evaluating only Cluey Learning’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
Cluey Learning founded in Sydney as an online K-12 tutoring platform connecting students with tutors.
FUNDING
Raised AUD 80M+ including ASX IPO at AUD 1.80 per share, valuing company at AUD 200M.
LAYOFF
Multiple restructuring rounds cut 30% of staff as unit economics failed to improve.
SHUTDOWN
Delisted from ASX at 3 cents per share; sold assets to Kip McGrath for AUD 2 million.
Full Analysis
Free · no account needed
Documented cause
Cluey Learning, an ASX-listed online tutoring marketplace, raised over AUD 80 million but burned through cash rapidly scaling tutor supply and marketing. CEO Sam McIntosh navigated multiple restructures. By 2024 the company had exhausted its capital, delisted from ASX after share price fell from AUD 1.80 IPO price to under 3 cents, and sold assets to rival Kip McGrath for AUD 2 million.