// startup autopsy
iGlue
The knowledge glue that couldn't stick to enterprise budgets.
marketfitSlow Death
Years-long decline before final shutdown · Fatal mistake: iGlue underestimated how difficult it would be to sell enterprise software from Hungary into global markets without a local sales presence.
Key Events Timeline
FOUNDING
iGlue founded in Hungary to build enterprise knowledge-linking SaaS tools.
FUNDING
iGlue closes its final funding round of $1.1M total, failing to attract larger institutional investors.
PIVOT
iGlue attempts to reposition its product for smaller business segments after enterprise sales stagnate.
SHUTDOWN
iGlue ceases operations after exhausting its limited funding with no acquirer found.