// startup autopsy
Saffron Technologies
Exotic promise, sparse seasoning
marketfitSilent Shutdown
Quiet closure with no public announcement · Fatal mistake: Entering the Philippine SaaS market with only $11K, insufficient to educate buyers, develop a competitive product, and sustain operations.
| Founded | 2015 |
|---|---|
| Closed | 2017 |
| Country | Philippines |
| Sector | Saas |
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Key Events Timeline
FOUNDING
Saffron Technologies founded in the Philippines to offer SaaS solutions to local businesses.
FUNDING
Raised approximately $11K in seed funding — the only known capital round.
PRODUCT LAUNCH
Launched SaaS product to Philippine SME market, facing slow adoption and long sales cycles.
SHUTDOWN
Saffron Technologies closed after failing to grow recurring revenue or attract follow-on investment.