How to

June 30, 2023

How to close a company

How and when do you decide to close your startup? Sifted asks Wefarm founder, Kenny Ewan

WeFarm — which combined a marketplace for farmers to buy agricultural products with a platform to connect and exchange advice — raised approximately $30m, employed 120 people and had three offices in Africa and one in the UK. At its peak, it sold more than $1m worth of products a week. But, when it came to raising its fifth round of funding last summer it wasn’t able to convince investors to come onboard, and founder Kenny Ewan knew it was time to shut up shop.

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Anisah Osman Britton

Anisah Osman Britton is coauthor of Startup Life , a weekly newsletter on what it takes to build a startup. Follow her on X and LinkedIn

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