// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Honduras

24 startup autopsies from Honduras. Each includes the exact cause of failure, verified financial data, and the documented failure pattern.

24 autopsies · newest deaths first

AgroHon

agritechHonduras

Agritech startup for Honduran smallholders that couldn't bridge the digital divide

Slow Death

EdTechHN2

edtechHonduras

Honduras edtech second wave: UNAH launched digital platform, Duolingo (2M Honduran users free), and Khan Academy Spanish confirmed same 250 private school TAM with no commercial gap

Slow Death

FinHN

fintechHonduras

Honduras's digital wallet that needed bank capital to operate in a market too small to justify it

Slow Death

FoodHN

foodtechHonduras

Honduras's plant-based food startup in a country where 40% poverty makes premium food economically impossible

Silent Shutdown

GameHN

gamingHonduras

Honduras's gaming tournament platform for a country where competitive gaming required connectivity most players didn't have

Silent Shutdown

HonduTech

hrtechHonduras

Honduran HR platform missed on thesis that US nearshore boom would drive local digital HR adoption

Slow Death

EdTechHN

edtechHonduras

Honduras edtech for 250 private schools whose teachers were owed 6 months of salary arrears by the government

Slow Death

PropHN

proptechHonduras

Honduras's real estate platform for a market where 70% of transactions are never recorded

Silent Shutdown

HondurasAI

aiHonduras

Honduras's AI startup that won the entire addressable market and still couldn't survive

Silent Shutdown

SustHN

sustainabilityHonduras

Honduras's sustainability SaaS for companies that had never heard of ESG

Silent Shutdown

PagaTodo

fintechHonduras

Honduras's mobile payment pioneer ran into a Central Bank licensing wall

Regulatory Kill

CleanHN

cleantechHonduras

Honduras's solar startup trapped by the state electricity monopoly's approval process

Slow Death

AdTechHN

adtechHonduras

Honduras's adtech startup for a digital advertising market smaller than a US mid-size city

Silent Shutdown

MobilityHN

mobilityHonduras

Honduran ride-hailing startup unable to build density before global platforms arrived

Slow Death

RegHN

regtechHonduras

Honduras's compliance SaaS for a market with 25 banks that all used the same CNBS-certified incumbent

Silent Shutdown

InsHN

insurtechHonduras

Honduras's digital insurance startup in a market where people had never bought insurance without a broker

Slow Death

HondPay

fintechHonduras

Honduran digital payments startup that ran out of capital before the network effects kicked in

Slow Death

TravelHN

traveltechHonduras

Honduras's travel startup for a destination permanently under US travel warnings

Market Exit

AgroTechHN2

agritechHonduras

Honduras agritech second wave competing against Chiquita and Dole parent agritech while caravan migration depleted rural agricultural labor

Slow Death

SaaSHN Enterprise

b2bsaasHonduras

The Honduran SaaS that the market wasn't ready for

Zombie Startup

EduHN

edtechHonduras

Honduras's edtech that designed for broadband in a country built on 2G

Zombie Startup

MindHN

healthtechHonduras

Honduras's mental health app for a population that couldn't afford it and a mental health system with 1 psychiatrist per 120,000 people

Silent Shutdown

IoTHN

iottechHonduras

Honduras's IoT startup for the textile factories that already had IoT from Nike and H&M

Silent Shutdown

GovTechHN2

govtechHonduras

Honduras's second govtech that the 2022 administration change cancelled in its first year

Slow Death

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Startup Failures in Honduras

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