The ripcord has been pulled: Many startups have already filed for bankruptcy at the beginning of 2024. picture alliance/dpa/dpa-Zentralbild | Fernando Gutierrez Juarez; Getty Images / peshkov
According to the Federal Statistical Office Since June 2023, the number of regular bankruptcies filed has consistently increased compared to the previous year. And things didn’t get any quieter at the end of the year and in January 2024. In addition, the special insolvency rules were lifted on January 1, 2024. Instead of four months, startups now have to be fully financed for twelve months in order to avoid filing for insolvency. It remains to be seen how the end of the shortened forecast period will affect bankruptcies in 2024.
Here we track which startups and young companies had to go to the insolvency judge.
Tax investigation at ExpressTax
As Gründerszene exclusively reported, at the end of last year, according to reports from employees, the tax investigation at the Hamburg tax startup was at the door. In April 2022, the company raised 25 million euros from well-known investors such as Insight Partners and Project A as part of a Series A financing round. Business angels such as Christian Wegner, the Momox founder, Kai Hansen from Lieferando and Chrono24 founder Tim Stracke have also invested in the Hamburg company.