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Methodology

Last updated October 13, 2026

How we classify. Each company is placed in one category from the most recent reported event, with the source and date shown on its page. Data is updated regularly; figures reflect the sources and dates cited for each company.

  • 💀 Dead / Bankrupt — Reported to have ceased operations, entered liquidation, or wound down in bankruptcy or insolvency, per the cited source as of the date shown. Companies that reorganized out of Chapter 11 (or equivalent court restructuring) and continue to operate are classified under Markdown, Acquired, or Public < $1B according to their post-restructuring status, with a 🔄 Reorganized tag on their profile.
  • 🤝 Acquired — Reported acquired in a transaction valuing it below $1B.
  • 📉 Public < $1B — Now publicly traded with a reported market capitalization below $1B.
  • ✂️ Markdown — Still private; an investor, fund (SEC Form NPORT-P), or publicly reported priced round valued it below the $1B line. Marks are estimates, specific to one holder or share class, and are not the company’s own valuation.

Sourcing. Figures come from press reports, public SEC filings, and — for private companies — mutual-fund fair-value marks disclosed on Form NPORT-P. We do not republish proprietary secondary-marketplace data. Valuations (especially private and market-cap figures) are estimates that lag real events.

Capital raised. Where funding data is available, we show the reported total raised and an average per day from founding to the recorded bankruptcy or shutdown date. Dates known only to a year or month are approximated within that period. This calculation does not measure operating cash burn, money spent, or investor losses.

Disclosed investors. Investor names come from Crunchbase company and funding-round records. We match the organization’s website to the company’s recorded domain (or a reviewed corporate subdomain) and review ambiguous names against the company’s business and location. Unresolved matches are omitted. Names are deduplicated; a lead label means Crunchbase identifies the investor as a lead in at least one funding round. Lists may be incomplete and describe historical participation, not current ownership, money spent, or investor losses. Each list links to its organization profile and shows the date checked. When Crunchbase lists no investors for a company, we compile the list by hand from SEC filings, exchange announcements and press releases. Each of those names links to the document that discloses it.

Employee accounts. Some company summaries incorporate themes from employee reviews posted publicly on Glassdoor. These are anonymous, unverified accounts that reflect the views of individual reviewers, not findings of fact by this site. We paraphrase recurring themes reported by multiple independent reviewers, link to the source review pages from each company’s profile, and do not repeat allegations about named individuals. Glassdoor is a trademark of Glassdoor LLC; this site is not affiliated with or endorsed by Glassdoor.

Corrections. We aim to acknowledge correction requests within three business days and will correct or explain promptly; material corrections are logged. Spot an error? Tell us.