
Unitard Club
Press Kit
Data, charts and briefing sheets, free to use under CC BY 4.0 with credit to Unitard Club. Data as of 23 Oct 2026.
Downloads
- Full datasetCSV · one row per company · 444 rows
- Summary sheetPDF · one page · the headline numbers
- Methodology sheetPDF · one page · how companies are counted
What each CSV column means
- slug
- Stable identifier; also the company page path (unitard.io/companies/<slug>).
- name
- Company name.
- country
- Headquarters country.
- region
- Headquarters region (North America, Europe, Asia, …).
- sector
- Short sector description, free text.
- founded
- Founding date or year (YYYY or YYYY-MM-DD), where known.
- peakValuationUSD
- Highest reported valuation in US dollars: a private round's post-money value, or peak market cap for companies that peaked after listing.
- peakYear
- Year of that peak.
- category
- Outcome: dead_bankrupt, public_sub_1b, acquired_below_1b or private_markdown. One per company, from its latest reported event.
- currentStatus
- One-line description of where the company stands now.
- becameUnicorn
- When it first reached a $1B+ valuation, as precise as reported (year or month).
- lostUnicorn
- When a reported event first put it below $1B. A leading ~ marks an approximate date.
- pctChange
- Decline from peak as displayed on the site (text, e.g. "~-98%"). Blank where no current value is reported.
- dropPct
- The same decline as a number (98 = down 98%). Blank where no current value is reported.
- valueDestroyedUSD
- Peak valuation minus the latest reported value, in US dollars. 0 where no current value is reported, so index totals are a floor.
- capitalRaisedUSD
- Total capital raised over the company's life, in US dollars; filled mainly for dead / bankrupt companies. May include venture debt or SPAC proceeds where that's how the total was reported.
- raisedSource
- Where the capital-raised figure comes from.
- mechanism
- How it fell: bankruptcy, down round, fire-sale acquisition, market collapse, and so on (free text).
- leadInvestors*
- Investors recorded as leading at least one round, semicolon-separated. Historical participation, not current ownership or losses.
- disclosedInvestorsCount*
- Number of distinct disclosed investors across the company's rounds.
- crunchbaseUrl*
- Crunchbase profile the investor fields were matched to.
- sourceNote
- Main sources for the row's figures.
- unitardUrl
- Company page on unitard.io, with full sources and timeline.
Dollar figures are nominal US dollars. *Compiled from Crunchbase records and not covered by the CC BY 4.0 licence. Full definitions are on the methodology page.
Key findings
Copying a finding includes the credit line.
About $1.47T of peak valuation has been erased across 444 startups once valued at $1 billion or more, against a combined peak of $1.63T.
129 of the 444 former unicorns (29%) have shut down or gone bankrupt; the rest were sold, trade publicly, or are still private below $1 billion.
55% of the former unicorns (246) hit their peak valuation in 2021.
70% (309) fell below $1 billion between 2022 and 2024, including 158 in 2022 alone.
In EVs, mobility, climate and space, 48% of former unicorns are dead or bankrupt (44 of 92), against 12% in enterprise software, AI and cybersecurity (5 of 43).
138 bankrupt or shut-down unicorns with funding records raised $143.1B in total: $282K for every day between founding and failure (median $152K a day).
Charts
1200 × 675, as PNG or SVG.
Latest
The most recent companies to fall below $1B.
| Company | Peak | Fell | Outcome |
|---|---|---|---|
| Character.AI | $2.5B | Oct 2026 | Dead / Bankrupt |
| slice | $1.5B | Sep 2026 | Markdown |
| DealShare | $1.7B | Aug 2026 | Markdown |
| 80 Acres Farms | $1.2B | Aug 2026 | Dead / Bankrupt |
| Salad and Go | $1.1B | Aug 2026 | Dead / Bankrupt |
| Einride | $2.1B | Jul 2026 | Public < $1B |
76 companies added to the index in the last 30 days
Includes older cases newly documented, not only companies that fell this month. Largest peak first.
Dapper Labs, ANI Technologies (Ola), Royole Corporation, Amyris, Danimer Scientific, Houzz, Nayuki, Global Fashion Group, GoStudent, Carbon Health, Exscientia, CloudMinds, Headspace, Flink, MasterClass, SomaLogic, Character.AI, Carbon, ABL Space Systems, Keep, Gogoro, Allego, Trax, VNG, Einride, BenevolentAI, Dremio, Solugen, Unqork, Kry, FirstP2P (网信理财), DispatchHealth, Gousto, PAX Labs, Li-Cycle, Instabee, Afiniti, Nexii Building Solutions, slice, Gett, OpenWeb, Dock, BlackSky Technology, Proteus Digital Health, Zongmu Technology, Clarify Health, Science 37, Yotpo, JOLED, LanzaTech, Signifyd, Ve Interactive, GoGoX, Honor Technology, Kaltura, Spiber, Tritium DCFC, Razor Group, Multichain, Inspirato, Deezer, Vicarious Surgical, Flexe, Farcaster, Tarana Wireless, Ample, Grover, OrCam Technologies, MindMaze, Lookout, Lessen, Udacity, Pharmapacks (Packable), Katapult Holdings, Tink Labs, Aiwujiwu.
Contact and citation
Questions and corrections
Email hello@unitard.io for sources, custom cuts of the data, or to flag an error.
Common Parlance, Inc., 174 W 4th St, Unit #440, New York, NY 10014.
Unitard Club is an editorial project published by Common Parlance, Inc. The company and its principals hold no short positions in any listed security and sell no data or advisory services.
How to cite
Credit charts and figures to Unitard Club (unitard.io).
Unitard Club (unitard.io) tracks 444 venture-backed startups once valued at $1 billion or more that have since fallen below it, through bankruptcy, a sale under $1 billion, a public market decline or a fund markdown.
For fact-checking
Every company page lists its sources. Some starting points:
Breakdown by sector and region
| Sector | Companies | Dead | Value erased |
|---|---|---|---|
| EVs, Mobility, Climate & Space | 92 | 44 | $318.1B |
| E-Commerce, Retail & Consumer | 77 | 11 | $313.1B |
| Fintech, Crypto & Insurtech | 55 | 14 | $197.6B |
| Healthcare, Biotech & Wellness | 56 | 17 | $172.0B |
| Food, Grocery Delivery & Agritech | 32 | 11 | $98.5B |
| Real Estate, Proptech & Hospitality | 20 | 7 | $90.6B |
| Edtech & Learning | 24 | 3 | $84.9B |
| Media, Gaming & Social | 26 | 10 | $75.4B |
| Enterprise SaaS, AI & Cybersecurity | 43 | 5 | $75.3B |
| Hardware, Robotics & Supply Chain | 19 | 7 | $42.3B |
| Region | Companies | Dead | Value erased |
|---|---|---|---|
| North America | 287 | 76 | $972.8B |
| Asia | 83 | 34 | $278.9B |
| Europe | 53 | 17 | $175.4B |
| Middle East | 14 | 1 | $28.3B |
| LatAm, Africa & Oceania | 7 | 1 | $12.4B |
Court dockets and SEC filings for key cases
- Character.AI
Chapter 11 Petition (Character Technologies, Inc.), U.S. Bankruptcy Court (D. Del., filed Oct 12, 2026); Disney named $20M stalking-horse bidder; $193M raised.
- WeWork
Chapter 11 Petition & First-Day Declaration, U.S. Bankruptcy Court (D.N.J., Nov 6, 2023); emerged June 11, 2024 (~60% to Yardi Systems for $337M); Form S-1 (Aug 2019); $22.0B raised ($4.50M/day over 13.4 yrs).
Case No. 23-19865 (D.N.J. Docket)SEC CIK 0001813756All sources
- Northvolt
Chapter 11 Petition, U.S. Bankruptcy Court (S.D. Tex., Nov 21, 2024) & Swedish bankruptcy filing (Mar 2025); $14.0B raised ($4.58M/day over 8.4 yrs).
Case No. 24-90577 (S.D. Tex. Docket)Claims Agent Restructuring Portal
- Hopin
Asset sale of core Events & Session products to RingCentral, Inc. (Aug 2023) for $15M upfront cash plus up to $35M earnout; residual UK entity liquidated 2024.
- Bird Global
Chapter 11 Petition & Restructuring Support Agreement, U.S. Bankruptcy Court (S.D. Fla., Dec 20, 2023); emerged Apr 2024 under lender ownership (Third Lane Mobility); NYSE delisting notice; $965M raised.
- Outreach
SEC Form NPORT-P Level-3 marks by SMALLCAP World Fund Inc (Series G Pref) marked down −89% from $25.68/sh (Q4 2023) to $2.92/sh (Q2 2026).
Peak NPORT-P (0001145549-24-008945)Latest NPORT-P (0001193125-26-371341)
- Impossible Foods
SEC Form NPORT-P Level-3 marks by The Private Shares Fund (Common) marked down −91% from $16.53/sh (Q4 2023) to $1.50/sh (Q2 2026).
Peak NPORT-P (0001145549-24-010573)Latest NPORT-P (0001193125-26-360659)
- DataRobot
SEC Form NPORT-P Level-3 marks by BlackRock Science & Technology Trust marked down −83% from $27.19/sh (Q1 2022) to $4.62/sh (Q1 2024).
Peak NPORT-P (0001752724-22-122702)Latest NPORT-P (0001752724-24-122844)
- Patreon
SEC Form NPORT-P Level-3 marks by BlackRock Science & Technology Trust marked down −72% from $47.71/sh (Q1 2022) to $13.18/sh (Q2 2026).
Peak NPORT-P (0001752724-22-122702)Latest NPORT-P (0001410368-26-085689)
Full source lists for major collapses
WeWork (9), FTX (11), Nikola (19), LeEco / LeTV (18), Theranos (8), Outcome Health (12), Greensill Capital (9), Builder.ai (17), eFishery (16), IRL (11).
Investor exposure is on the investors page. New companies are announced in the RSS and JSON feeds. Logo: PNG.



