Intelligence Lab
Predict the next failure before it happens.
We've turned the data from Redbird into a stress-test model. Simulate this deal's risk profile in our new Laboratory.
Run a Pre-Mortem
Redbird
Health-tech startup.
- Category:
- Health
- Country:
- Ghana
- Founded:
- 2018
- Cause of Failure:
- Lack of funding
- Outcome:
- Shutdown
- Shut Down in:
- February 2023
- Founders:
- Andrew Quao, Patrick Beattie
- Number of Founders:
- 2
- Number of Employees:
- 1-10
- Funding Amount:
- $2.50 M
- Last Funding Round:
- Seed
- Notable Investors:
- 54 Collective, Gray Matters Capital
About Redbird
Redbird was a health startup that partnered with pharmacies and licensed chemical shops to bring proven rapid test technology for chronic and acute conditions.
What went wrong?
The decision to close the company was not easy, but the reality was that they needed to secure additional funding by the end of 2022. Unfortunately, the company's growth trajectory and the investment climate did not align.
Continue reading
Case Study: Why Redbird Health Tech ShutdownDon't become a case study
Join 600+ industry leaders decoding startup failure.
Get the data you need to ensure your company doesn't become our next case study.
We respect your privacy. No spam, just valuable content