// startup autopsy

COLORFUL BOARD Inc.

Visual collaboration SaaS that couldn't paint a profitable picture

marketfitSlow Death

Years-long decline before final shutdown · Fatal mistake: COLORFUL BOARD attempted to compete in visual collaboration without achieving the network effects or enterprise integrations needed to retain users at scale.

Founded	2011
Closed	2016
Country	Jpn
Sector	Saas

50%

Key Events Timeline

2011-01-01

FOUNDING

COLORFUL BOARD Inc. founded in Japan to build visual collaboration SaaS tools for enterprise teams.

2013-06-01

PRODUCT LAUNCH

COLORFUL BOARD launches its digital whiteboard platform targeting Japanese enterprise customers.

2015-06-01

FUNDING

COLORFUL BOARD closes a final funding round of $1.17M but fails to gain traction against international competitors entering the market.

2016-06-01

SHUTDOWN

COLORFUL BOARD ceases operations after exhausting its final funding round without achieving a sustainable user base.

Full Analysis

Analyst plan

Documented cause

COLORFUL BOARD Inc. was a Japanese SaaS startup that developed visual collaboration tools but ultimately failed to achieve sustainable growth. The company closed after struggling to establish product-market fit...

in a highly competitive market dominated by well-capitalized international players such as Miro, Figma, and Microsoft Teams. With limited funding of $1.17M, the startup lacked the financial resources

Verified lesson

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€6M

Peak valuation

HypeCycle · MoatType · ResearchTags

COLORFUL BOARD Inc. raised €1.167697M before colorful board attempted to compete in visual collaboration without achieving the network effects or enterprise integrations needed to retain users at scale. ended it. See the documented cause, verified lesson and all failure signals.

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