Startup Life/News/ The European startups that have gone bust in 2023 What happens when runway runs out? By Sifted reporters 9 February 2023 \Startup Life UK visa endorsement fees will now cost founders £2k — down from up to 15x that By Zosia Wanat 24 March 2023 Startup Life/News/ The European startups that have gone bust in 2023 What happens when runway runs out? By Sifted reporters 9 February 2023 Investors have been telling startups to extend their runways for months. The economy’s warning lights have been flashing for a while, and many tech companies have already laid off workers to keep themselves afloat. Sadly, some startups — which perhaps didn’t have all that much in the bank to begin with or had a high burn rate, and couldn’t raise further funding or find a buyer — have simply run out of runway. Several bankruptcies have already been announced this year, and we expect, unfortunately, that there will be many more. Here we list those startups that have gone out of business in 2023 — and the investors that bet on them. Our Intelligence team will be updating the Airtable at the bottom of this article with the full details of the companies that have gone under, and the investors in them that we could find who are set to lose out. February 2023 Yababa — Berlin-based grocery delivery company backed by Creandum, Project A and Food Labs. Raised $15.5m in November 2021. January 2023 Lightyear — Netherlands-based company which aimed to produce the world’s first production-ready solar car. Launched in 2016, raised $241m in total — including €81m announced in September 2022 — filed for bankruptcy at the end of January. Glisser — London-based SaaS company backed by Downing Ventures. The startups that have gone bust so far in 2023 Related Articles Culture or cult? How to stop your startup falling apart By Calvin Benton Click here to read more “Unicorns, who cares?”, French founders tell Macron By Marie Mawad in Paris Click here to read more How to negotiate a pay rise By Miriam Partington in Berlin Click here to read more How the CERN physics lab is supercharging European startups By Carly Minsky Click here to read more Most Read 1 \Startup Life UK government to reform ‘equity for visas’ residency application system 2 \Fintech Is Revolut really worth $33bn right now? 3 \Startup Life Techstars unexpectedly pulls out of Sweden mid-programme 4 \Deeptech The other funding gap: it’s not just unicorns that are leaving Europe 5 \Deeptech ‘There’s going to be a bloodbath’ — is generative AI a bubble?