Theranos founder Elizabeth Holmes. Reuters
Theranos and 9 other healthcare startups that failed and why
Not every healthcare startup that manages to raise tens or hundreds of millions ends up working out, for one reason or another.
Theranos, Drugstore.com, and sleep-tracker Hello are among the healthcare startups that have closed down in the past five years.
Here are 10 of the biggest healthcare startups that haven’t panned out in the past few years, as highlighted by CB Insights.
HomeHero,
Funds raised: $20 million
Year closed: 2017
Lantern,
Funds raised: $21.5 million
Year closed: 2018
Raze Therapeutics,
Funds raised: $24 million
Year closed: 2017
Laguna Pharmaceuticals,
Funds raised: $35 million
Year closed: 2015
Hello
Funds raised: $40 million
Year closed: 2017
Healthspot
Funds raised: $45 million
Year closed: 2016
Verdezyne
Funds raised: $89 million
Year closed: 2018
ReVision Optics
Funds raised: $172 million
Year closed: 2018
Drugstore.com
Funds raised: $295 million
Year closed: 2016
Theranos,
Funds raised: more than $700 million
Year closed: 2018
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