// startup autopsy

Foldax

Folded before it could unfold

marketfitSlow Death

Years-long decline before final shutdown · Fatal mistake: Failed to demonstrate compelling product-market fit metrics after the 2015 funding round, making a follow-on raise impossible.

Founded	2013
Closed	2018
Country	USA
Sector	Saas

50%

Key Events Timeline

2013-01-01

FOUNDING

Foldax founded in the USA with a vision to build SaaS solutions for a niche market.

2015-06-01

FUNDING

Raised $0.5M in what would be the company's only and final funding round.

2016-09-01

PRODUCT LAUNCH

Launched updated product version but failed to generate the customer growth needed to justify further investment.

2018-01-01

SHUTDOWN

Foldax quietly shut down after exhausting its funding without achieving sustainable revenue or growth.

Full Analysis

Analyst plan

Documented cause

Foldax raised $0.5M and operated in a niche SaaS segment but failed to achieve the product-market fit or revenue growth necessary to attract follow-on investment. With last funding in 2015, the company likely e...

xhausted its capital over the following years before quietly closing. The startup attempted a pivot to a clearer SaaS business model, including laying off in-house lawyers, but these efforts came too

Verified lesson

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€0.6M

Peak valuation

HypeCycle · MoatType · ResearchTags

Foldax raised €0.5M before failed to demonstrate compelling product-market fit metrics after the 2015 funding round, making a follow-on raise impossible. ended it. See the documented cause, verified lesson and all failure signals.

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