Juicero: 2013 — September 2017
Capital raised: $118.5 million
Peak valuation: $270 million
Juicero, the juice machine company, started raising funds in 2013 but didn't release a product until 2016. Just a year later, investors discovered the $270 million company's biggest secret: its $400 machine didn't do much besides squeeze contents out of bags. And those bags could easily be emptied by hand.
The company lost out on a new funding round worth millions of dollars that was pending from investors, and it never recovered from the financial setback.
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