IRL
Social appUSA
💀 Dead / Bankrupt
Peak $1.17 BillionToday
~-100%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.17 Billion ’21
- 💔Became a UnitardJun 2023
- 💸Last valuationWiped out
🔥 Raised & burned
$200M
Total raised
$78.7K/day
Burned · 7.0y alive
Funding: Fortune/Forbes
Current status
Shut down June 2023 (95% bot users alleged)
How it happened
IRL was a U.S. social/events app that raised a SoftBank-led round in 2021 at a ~$1.17B valuation. An internal investigation found that the vast majority of its claimed users were bots (allegedly ~95%), and the company shut down in June 2023, with its board returning remaining cash to investors.
Source: TechCrunch
