// startup autopsy

Fastmobile

Mobile enterprise software startup that arrived before the mobile revolution and couldn't wait for it.

timingAcqui-hire

Fatal mistake: Fastmobile launched mobile enterprise software too early, before smartphones created a viable market for such solutions.

Founded	2003
Closed	2006
Country	USA
Sector	Fintech

50%

Key Events Timeline

2003-01-01

FOUNDING

Fastmobile founded in the USA to build mobile enterprise software for workforce productivity on early mobile devices.

2004-06-01

PRODUCT LAUNCH

Fastmobile released its core mobile enterprise platform targeting field workers and enterprise mobility on BlackBerry and Windows Mobile.

2005-08-01

FUNDING

Fastmobile completed its final funding round, raising a total of $12M to expand its mobile enterprise product suite.

2006-09-01

SHUTDOWN

Fastmobile was acquired after three years of operations, unable to build sufficient scale before the broader mobile market matured.

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Fast, a one-click checkout fintech startup, shut down in April 2022 after raising $124 million in funding. The company faced a combination of operational and market challenges that made continued operations unt...

enable. Despite CEO promises of strong growth in January 2022, the startup's actual 2021 revenue growth proved modest while cash burn remained high, severely limiting fundraising options. The company

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€30M

Peak valuation

HypeCycle · MoatType · ResearchTags

Fastmobile raised €12M before fastmobile launched mobile enterprise software too early, before smartphones created a viable market for such solutions. ended it. See the documented cause, verified lesson and all failure signals.

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