The Down Round Tracker

Which Companies Are Not Living Up To Expectations?

Contains deals from 2010-2018

What is a Down Round?

A down round occurs when a private company raises additional funding at a lower valuation than it had during a previous round of funding. Typically, startups raise down rounds if their initial valuation was inflated or their burn rate exceeds expectations.

You might also be interested in our real-time tracker of unicorn companies, our compilation of startup failure post-mortems, and the most expensive startup failures of all-time.

Know of a down round not listed here? Let us know at data@cbinsights.com

Company Sector Date Category Round Type Down Valuation ($M) Prior Valuation ($M) Total Raised ($M)
Walker & Company Brands Internet 12/12/2018 Down Exit Acquired 20 - 40 64 33
AwesomenessTV Internet 7/27/2018 Down Exit Acquired 25 650 243
The Viral Fever Internet 7/23/2018 Down Round Series B 40 61 16
Purch Internet 7/18/2018 Down Exit (For Less Than Raised) Asset Sale 133 n/a 174
Videology Internet 7/17/2018 Down Exit (For Less Than Raised) Asset Sale 101 n/a 210
Jia.com Internet 7/12/2018 Down Exit IPO 712 900 177
Domo Internet 6/29/2018 Down Exit (For Less Than Raised) IPO 455 2300 698
AppNexus Internet 6/25/2018 Down Exit Acquired 1600 - 2000 2200 319
AcFun Internet 6/5/2018 Down Exit Acquired 117 - 161 269 110
GreenSky Internet 5/24/2018 Down Exit IPO 4276 4500 610
FanDuel Internet 5/23/2018 Down Exit Merger 465 1187 417
PluralSight Internet 5/17/2018 Down Exit IPO 897 1000 238
The Weinstein Company Media (Traditional) 5/2/2018 Down Exit (For Less Than Raised) Acquired 289 n/a 490
SmartSheet Internet 4/27/2018 Down Exit IPO 175 852 121
Weebly Internet 4/26/2018 Down Exit Acquired 365 490 76
Earn Computer Hardware & Services 4/16/2018 Down Exit Acquired 100 - 120 310 116
General Assembly Consumer Products & Services 4/16/2018 Down Exit Acquired 413 452 119
Healthium MedTech Healthcare 4/4/2018 Down Exit Acquired 350 447 106
Mobike Mobile & Telecommunications 4/4/2018 Down Exit Acquired 3700 5000 2010
Saavn Internet 3/23/2018 Down Exit Acquired 100 - 330 300 - 400 120
Lytro Consumer Products & Services 3/21/2018 Down Exit (For Less Than Raised) Acquired 25 - 40 200 200
Grofers Internet 3/16/2018 Down Round Series E 154 - 176 400 227
Bitt Internet 3/8/2018 Down Round Series A-II 35 50 20
Tandem Bank Mobile & Telecommunications 3/8/2018 Down Round Angel-II 86 96 39
Coverfox Internet 3/6/2018 Down Round Corporate Minority 62 70 - 100 46
500px Internet 2/26/2018 Down Exit (For Less Than Raised) Acquired 13.4 42 22
ComQi Business Products & Services 2/9/2018 Down Exit Acquired 28 n/a 28
FanMiles Internet 1/22/2018 Down Round Series A 5 37 2
Practice Fusion Internet 1/8/2018 Down Exit (For Less Than Raised) Acquired 100 298 170
Wealthfront Internet 1/4/2018 Down Round Series G 500 700 204
NGRAIN Software (non-internet/mobile) 1/4/2018 Down Exit (For Less Than Raised) Acquired 2 n/a 23
Mattermark Internet 12/22/2017 Down Exit (For Less Than Raised) Asset Sale 1 45 16
Drippler Mobile & Telecommunications 12/19/2017 Down Exit (For Less Than Raised) Acquired 3 n/a 5
Shazam Mobile & Telecommunications 12/11/2017 Down Exit Acquired 400 1000 122
Goo Technologies Internet 11/29/2017 Down Exit (For Less Than Raised) Acquired 0.24 3 3
Fashion to Figure Retail (non-internet/mobile) 11/28/2017 Down Exit (For Less Than Raised) Acquired 1.4 n/a 20
Mashable Internet 11/16/2017 Down Exit Acquired 50 250 46
OakNorth Bank Financial 11/3/2017 Down Round Series C 1177 1268 451
HelloFresh Internet 11/2/2017 Down Exit IPO 1962 2090 367
Cryex Internet 10/25/2017 Down Exit (For Less Than Raised) Acquired 2.5 n/a 10
MongoDB Software (non-internet/mobile) 10/19/2017 Down Exit IPO 1175 1600 311
The Honest Company Internet 10/5/2017 Down Round Series E 756 1636 290
Onvia Internet 10/5/2017 Down Exit (For Less Than Raised) Acquired 70 n/a 116
Earnest Internet 10/4/2017 Down Exit Acquired 155 375 107
ReShape Medical Healthcare 10/3/2017 Down Exit (For Less Than Raised) Acquired 38 n/a 89
Prosper Internet 9/22/2017 Down Round Growth Equity 550 1900 405
Slacker Radio Internet 9/15/2017 Down Exit (For Less Than Raised) Acquired 50 n/a 78
Soundcloud Internet 8/11/2017 Down Round Series F 150 - 320 700 468
Huddle Internet 8/8/2017 Down Exit Acquired 89 250 - 300 89
CombiMatrix Healthcare 7/31/2017 Down Exit (For Less Than Raised) Acquired 33 n/a 46
Rocket Fuel Internet 7/18/2017 Down Exit Acquired 145 942 76
FreeCharge Healthcare 7/17/2017 Down Exit (For Less Than Raised) Acquired 60 700 - 1000 202
Akcea Therapeutics Healthcare 7/14/2017 Down Exit (For Less Than Raised) IPO 405 n/a 543
Nok Nok Labs Internet 7/11/2017 Down Round Series D 59 109 55
Tintri Computer Hardware & Services 6/30/2017 Down Exit (For Less Than Raised) IPO 216 640 260
Blue Apron Internet 6/29/2017 Down Exit IPO 1895 2600 257
RadiumOne Internet 6/27/2017 Down Exit (For Less Than Raised) Acquired 6 - 22 200 59
Hater App Mobile & Telecommunications 6/26/2017 Down Round Angel-II 2 4 0.7
Teespring Internet 6/20/2017 Down Round Recap 11 612 56
Urb-it Mobile & Telecommunications 5/8/2017 Down Round Angel 22 48 9.5
China Rapid Finance Internet 5/2/2017 Down Exit (For Less Than Raised) IPO 350 1000 82
Viptela Computer Hardware & Services 5/1/2017 Down Exit Acquired 610 875 109
Cloudera Internet 4/28/2017 Down Exit IPO 1920 4100 1040
Birst Internet 4/26/2017 Down Exit (For Less Than Raised) Acquired 100 419 148
Ticket Monster Mobile & Telecommunications 4/26/2017 Down Round Unattributed 1200 1500 166
Olacabs Mobile & Telecommunications 4/13/2017 Down Round Series G-II 3000 3500 2390
Aiwujiwu Internet 4/5/2017 Down Exit Acquired 900 1000 305
Munchery Internet 3/30/2017 Down Round Recap 80 300 80
Souq Internet 3/23/2017 Down Exit Acquired 750 1000 390
Flipkart Internet 3/20/2017 Down Round Series J 11600 16000 4250
ModCloth Internet 3/17/2017 Down Exit (For Less Than Raised) Acquired 40 - 60 n/a 78
Gamida Cell Healthcare 3/8/2017 Down Round Series E+ 120 200 68.1
Olacabs Internet 2/27/2017 Down Round Series G 3500 5000 2140
Turn Internet 2/23/2017 Down Exit Acquired 310 700 157.2
Revel Systems Mobile & Telecommunications 2/6/2017 Down Exit Acquired 274 581 104
Simplivity Internet 1/17/2017 Down Exit Acquired 650 1100 277
Sinch Mobile & Telecommunications 1/17/2017 Down Exit (For Less Than Raised) Acquired 1.4 n/a 12
Housing.com Internet 1/10/2017 Down Exit (For Less Than Raised) Acquired 70 n/a 136
Homelink Internet 1/10/2017 Down Round Corporate Minority 5770 6200 1300
Qfang.com Internet 1/05/2017 Down Exit (For Less Than Raised) Acquired 54 n/a 68
Viridity Energy Energy & Utilities 1/03/2017 Down Exit (For Less Than Raised) Acquired 35 n/a 38.5
HelloFresh Internet 12/20/2016 Down Round Series G 2090 2900 366.7
Kabam Mobile & Telecommunications 12/19/2016 Down Exit Acquired 700 1000 244.5
Product Hunt Internet 12/1/2016 Down Exit From Private Valuation Acquired 20 22 7.1
Telcare Internet 12/1/2016 Down Exit Acquired 7 80.5 65.5
Machinima Internet 11/17/2016 Down Exit From Private Valuation Acquired 100 185 104
QD Vision Electronics 11/23/2016 Down Exit (For Less Than Raised) Acquired 70 n/a 145.3
RedMart Internet 10/26/2016 Down Exit (For Less Than Raised) Acquired 30 n/a 58.2
LivingSocial Internet 10/26/2016 Down Exit From Private Valuation Acquired n/a 4500 919
Catchpoint Systems Internet 10/26/2016 Down Round Series C-II 91.8 224.5 39.3
Wavefront Internet 10/25/2016 Share Price Decline Series B n/a n/a 63.3
Appirio Computer Hardware & Services 10/24/2016 Down Exit (For Less Than Raised) Acquired 500 535 115.7
YPlan Mobile & Telecommunications 10/21/2016 Down Exit (For Less Than Raised) Acquired 1.95 n/a 37.7
Gridco Mobile & Telecommunications 10/11/2016 Down Round Acquired 63.7 n/a 105.6
MediGain Software 10/05/2016 Down Exit (For Less Than Raised) Acquired 7 n/a 40.4
ACR Capital Holdings Financial 10/05/2016 Down Exit From Private Valuation Acquired 1000 1140 870
Apptio Computer Hardware & Services 9/23/2016 Down Exit From Private Valuation IPO 597 770 136
Electric Cloud Internet 9/16/2016 Down Round Series F 54.2 4.4 44.5
Home24 Internet 9/08/2016 Down Round Series E-II 472.2 1100 196.1
DraftKings Internet 9/01/2016 Down Round Series E n/a 1200 627.6
Canvera Digital Technologies Consumer Products & Services 8/30/2016 Down Round Series C-III 32 54.4 21.4
AppMachine Internet 8/23/2016 Down Exit (For Less Than Raised) Acquired 37.5 38 15.2
Kaufmann Mercantile Internet 8/11/2016 Down Exit (For Less Than Raised) Acquired .14 n/a 3.4
MapR Internet 8/09/2016 Down Round Series E 417 553 224
Damballa Computer Hardware & Services 7/21/2016 Down Exit (For Less Than Raised) Acquired 9 n/a 57.9
XOS Technologies Software 7/13/2016 Down Exit (For Less Than Raised) Acquired 60 n/a 83
DFine Healthcare 7/6/2016 Down Exit From Private Valuation Corporate Majority 97.5 n/a 130
Global Fashion Group Internet 7/5/2016 Down Round Corporate Minority 1100 3430 542
Wandoujia Mobile & Telecom 7/5/2016 Down Exit From Private Valuation Acquired 200 1000 128
Zenefits Internet 6/30/2016 Share Price Decline Series C 2000 4500 584
Badgeville Internet 6/24/2016 Down Exit (For Less Than Raised) Acquired 7.5 n/a 39.7
Nabsys Healthcare 6/22/2016 Down Exit (For Less Than Raised) Corporate Majority 62.7 n/a 66.7
Oxford Nanopore Technology Healthcare 6/21/2016 Down Round Series G 1155 2000 370
One Kings Lane Internet 6/14/2016 Down Exit Acquired 11.8 912 229
NantHealth Software 6/2/2016 Down Exit From Private Valuation IPO 1650 2000 696
NetBoss Technologies Software 5/27/2016 Down Exit (For Less Than Raised) Acquired 7.1 n/a 8.5
Reata Pharmaceuticals Healthcare 5/26/2016 Down Exit (For Less Than Raised) IPO 75 n/a 463.1
Merus Healthcare 5/26/2016 Down Exit (For Less Than Raised) IPO 142 n/a 145.5
LightBend Internet 5/26/2016 Down Round Series C 53 57 37
Car Next Door Internet 5/16/2016 Down Round Angel 7.5 12.5 4.1
mBlox Mobile & Communications 5/13/2016 Down Exit (For Less Than Raised) Acquired 117 n/a 137
Edeniq Energy & Utilities 5/6/2016 Down Exit (For Less Than Raised) Acquired 20 n/a 117.8
O3B Networks Mobile & Communications 4/29/2016 Down Exit (For Less Than Raised) Corporate Majority 1430 n/a 1770
Global Fashion Group Internet 4/27/2016 Down Round Corporate Minority 1130 3430 541
Thyrocare Technologies Healthcare 4/27/2016 Down Exit From Private Valuation Corporate Majority 72 224 22
Onefinestay Internet 4/7/2016 Down Exit Acquired 168 224 80.7
Body Armor Nutrition CPG 4/4/2016 Down Round Corporate Minority 158 171 55
Magnum Semiconductor Electronics 4/4/2016 Down Exit (For Less Than Raised) Acquired 55 n/a 135.3
Indian Energy Exchange Financial 3/31/2016 Down Round Private Equity 360 380 27.6
Bromium Computer Hardware & Services 3/28/2016 Down Round Series D 242.3 491.6 115.7
Doordash Internet 3/23/2016 Share Price Decline Series C 700 600 186
Kenandy Internet 3/17/2016 Down Round Series B-II 206 336.2 55
Couchbase Internet 3/15/2016 Down Round Series F n/a n/a 143
Flipkart Internet 3/20/2016 Down Round Series J 11600 16000 3021
Technorati Internet 2/23/2016 Down Exit (For Less Than Raised) Acquired 3 n/a 37.9
Powa Technologies Internet 2/19/2016 Down Exit Acquired n/a 2700 226.7
Yodle Internet 2/12/2016 Down Exit From Private Valuation Acquired 300 600 40.5
BTI Systems Mobile & Telecommunications 1/26/2016 Down Exit (For Less Than Raised) Acquired 65 n/a 161.7
BandPage Internet 1/25/2016 Down Exit (For Less Than Raised) Acquired 8 n/a 28.4
VendScreen Computer Hardware & Services 1/25/2016 Down Exit (For Less Than Raised) Acquired 5.6 n/a 31.3
Ustream Internet 1/21/2016 Down Exit From Private Valuation Acquired 130 146 60.1
Cumulus Networks Computer Hardware & Services 1/20/2016 Down Round Series C n/a 300 87.8
Foursquare Mobile & Telecommunications 1/15/2016 Down Round Series E 250 600 207.3
Jawbone Consumer Products & Services 1/15/2016 Down Round Series F 1500 3300 778.8
Overture Networks Mobile & Telecommunications 1/13/2016 Down Exit (For Less Than Raised) Acquired 35 n/a 80.15
Gilt Groupe Internet 1/7/2016 Down Exit (For Less Than Raised) Acquired 250 1050 284
Major League Gaming Internet 1/4/2016 Down Exit (For Less Than Raised) Acquired 46 n/a 72.88
Beijing NationSky Network Technology Mobile & Telecommunications 12/23/2015 Down Exit From Private Valuation Acquired 80 530 18
Corvisa Computer Hardware & Services 12/22/2015 Down Exit (For Less Than Raised) Acquired 8.5 n/a 30
Shopdeca Internet 12/19/2015 Down Exit (For Less Than Raised) Acquired .71 n/a 1
SkyeTek Mobile & Telecommunications 12/18/2015 Down Exit (For Less Than Raised) Acquired 2.6 n/a 18
Criticare Systems Healthcare 12/16/2015 Down Exit (For Less Than Raised) Acquired 3.2 n/a 4.02
Cyveillance Internet 12/11/2015 Down Exit (For Less Than Raised) Acquired 35 n/a 47.65
Circa Mobile & Telecommunications 12/8/2015 Down Exit (For Less Than Raised) Acquired 0.8 n/a 4.69
Square Mobile & Telecommunications 11/19/2015 Down Exit From Private Valuation IPO 2900 6000 716.8
LensAR Healthcare 11/16/2015 Down Exit (For Less Than Raised) Acquired 59 n/a 167.92
Rdio Internet 11/16/2015 Down Exit (For Less Than Raised) Asset Sale 75 n/a 117.5
Xtera Communications Mobile & Telecommunications 11/13/2015 Down Exit (For Less Than Raised) IPO 85.55 n/a 303.71
Advanced Accelerator Applications Healthcare 11/11/2015 Down Exit From Private Valuation IPO 617.12 683 120.1
LiveScribe Consumer Products & Services 11/6/2015 Down Exit (For Less Than Raised) Acquired 15 n/a 102.68
Socialware Internet 11/4/2015 Down Exit (For Less Than Raised) Acquired 9 n/a 14.4
Gazelle Internet 11/3/2015 Down Exit (For Less Than Raised) Acquired 18 n/a 61.9
Adesto Technologies Electronics 10/27/2015 Down Exit (For Less Than Raised) IPO 73.9 n/a 105.83
Relativity Media Media (Traditional) 10/22/2015 Down Exit (For Less Than Raised) Asset Sale 125 n/a 800
AFS Acceptance Financial 10/21/2015 Down Exit (For Less Than Raised) Corporate Majority 27.69 n/a 28.82
Softonic Internet 9/21/2015 Down Round Private Equity - II 84 367 116.7
Good Technology Mobile & Telecommunications 9/4/2015 Down Exit (For Less Than Raised) Acquired 425 1100 569.23
iBiquity Digital Consumer Products & Services 9/3/2015 Down Exit (For Less Than Raised) Acquired 172 n/a 203.48
Ziptronix Electronics 8/27/2015 Down Exit (For Less Than Raised) Acquired 39 n/a 66.9
Wrapp Mobile & Telecommunications 8/6/2015 Down Round Series C 15.33 45.3 28.5
Altura Medical Healthcare 7/31/2015 Down Exit (For Less Than Raised) Acquired 23 n/a 39.5
TaskRabbit Internet 7/30/2015 Share Price Decline Crowdfunding 40 124.6 37.7
Mocana Mobile & Telecommunications 7/24/2015 Down Round Series E-II 78.3 162.1 74.9
Softgate Systems Internet 7/14/2015 Down Exit (For Less Than Raised) Acquired 31 n/a 38.3
CardioDx Healthcare 6/30/2015 Down Round Series E - II 155.8 165.4 238.9
MINDBODY Internet 6/19/2015 Down Exit From Private Valuation IPO 448 450 113
Acision Mobile & Telecommunications 6/15/2015 Down Exit (For Less Than Raised) Acquired 170 n/a 260
OpGen Healthcare 5/5/2015 Down Exit (For Less Than Raised) IPO 64.31 81 83.65
Motion Computing Computer Hardware & Services 4/16/2015 Down Exit (For Less Than Raised) Acquired 16 n/a 48.7
Idle Gaming Internet 3/30/2015 Down Exit (For Less Than Raised) Acquired 10 n/a 18.7
Daktari Diagnostics Healthcare 3/15/2015 Down Round Series D 24.4 76.9 52.5
Appfluent Technology Software (non-internet/mobile) 3/5/2015 Down Exit (For Less Than Raised) Acquired 18 n/a 31.9
Fab.com Internet 3/3/2015 Down Exit (For Less Than Raised) Acquired 15 875 334
Aereo Internet 2/27/2015 Down Exit (For Less Than Raised) Asset Sale 2 n/a 97
Eyegate Pharmaceuticals Healthcare 2/20/2015 Down Exit (For Less Than Raised) IPO 41.64 n/a 46.45
Inotek Pharmaceuticals Healthcare 2/18/2015 Down Exit (For Less Than Raised) IPO 95.26 n/a 143.9
ActoGeniX Healthcare 2/13/2015 Down Exit (For Less Than Raised) Acquired 60 n/a 64.8
Celleration Healthcare 2/13/2015 Down Exit (For Less Than Raised) Acquired 30.4 n/a 73.85
Box Internet 1/23/2015 Down Exit From Private Valuation IPO 1670 2400 562.5
Medanta Medicity Healthcare 1/19/2015 Down Round Corporate Minority 583.33 600 260.2
NanoMR Healthcare 1/16/2015 Down Exit (For Less Than Raised) Acquired 24 n/a 25.52
Basho Technologies Internet 1/13/2015 Down Round Series G 85.5 86.7 56.9
Rethink Robotics Industrial 1/05/2015 Down Round Series D 167 172 100.1
Agrivida Agriculture 1/05/2015 Down Round Series D 30 87.9 48.3

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