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Facily

Social commerceBrazil
💀 Dead / Bankrupt
Peak $1 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    ~2021
  2. 📈
    Peak valuation
    $1 Billion ’21
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$0
Current status
Collapsed/shut down

How it happened

Facily was a Brazilian social-commerce platform that used group-buying to sell low-cost goods to lower-income consumers across Latin America, reaching an estimated ~$1B valuation in 2021. As venture funding dried up, the company faced mounting losses, layoffs, and supplier and logistics problems, and it ultimately collapsed and wound down operations.