Wayra — portfolio autopsies

Barcelona mobile publisher monetization platform serving 1,500+ media companies, absorbed by Equativ ad-tech.

Chilean language learning platform that could not compete with Duolingo's free model and post-COVID demand collapse.

Housfy promised Spanish homeowners they could sell their properties without paying traditional real estate agent commissions — and shut down in 2023 after failing to reach the transaction volume needed to sustain its flat-fee model.

Mexico P2P lending pioneer that survived eight years of growth before Mexico's fintech law compliance requirements made the business model unviable.

The delivery app that built its model on gig workers. Spain's Ley Rider said no.

Colombia's last-mile delivery pioneer absorbed by a larger logistics group after Rappi and iFood overwhelmed its position

COVID made Qudini essential for every retailer; COVID's end made it optional for all of them.

Spain's pet-sitting champion that COVID-19 destroyed in 72 hours.

Sold for $44M before growth flatlined completely — a lucky exit, not a win.