// startup autopsy
MindUY
Uruguay's mental health app in a 3.5M market where FONASA and BetterHelp both already served
competitionSlow Death
Years-long decline before final shutdown · Fatal mistake: Uruguay FONASA public health system funded mental health through private mutual clinics; BetterHelp launched Uruguay Spanish; 3.5M population insufficient for dual competition
| Founded | 2020 |
|---|---|
| Closed | 2022 |
| Country | Uruguay |
| Sector | Healthtech |
// the model, blind
Evaluating only MindUY’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
FUNDING
MILESTONE
SHUTDOWN