// startup autopsy

Navdy

An aftermarket heads-up display device that projected GPS navigation onto a car's windshield to make driving safer.

marketfitslow_bleed

Founded	2013
Closed	2018
Country	USA
Sector	Hardware

50%

Key Events Timeline

2013-01

FOUNDING

Navdy founded by Doug Simpson and Karl Guttag to revolutionize automotive navigation with aftermarket heads-up displays.

2015-06

PRODUCT LAUNCH

Navdy launches its HUD device at initial price of $799 with accompanying iOS app for GPS navigation.

2016-01

PRICE CUT

Navdy reduces device price to $499 due to weak demand, but fails to generate significant new sales.

2018-12

SHUTDOWN

Navdy shuts down operations. The company's unsustainable navigation system costs and poor product-market fit prove fatal as capital runs out.

Full Analysis

Analyst plan

Documented cause

Navdy failed due to poor product-market fit despite raising $41.8M across 4 rounds. The device was priced too high ($799 initially, reduced to $499) for a market that was already saturated with HUD displays in ...

luxury vehicles, and customers found the product inferior to cheaper alternatives like phone mounts. Additionally, the HUD display and iOS app were slow and did not meet user expectations for a seamle

Verified lesson

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HypeCycle · MoatType · ResearchTags

Navdy raised €41.8M and still failed. See the documented cause, verified lesson and all metrics.

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