Cartwheel Software - Acquired in 2023 for $32 mm
The business, the turning points, and the decisions behind them.
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Sections to complete:02 · 05
01 / WHAT IT BUILT
What the company did
Cartwheel Software was a New York-based startup building institutional-grade software for the real estate industry — analytics tools for brokers, agents, and investors (cartwheelsoftware.com). It raised a $750,000 pre-seed round announced in October 2022, at the pre-seed stage. In 2023 all of its assets were acquired for $32 million, and the company is no longer operating.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Funding round
In October 2022 Cartwheel Software announced a $750,000 pre-seed round for its real estate industry software.
- Acquisition
In 2023 all of Cartwheel Software's assets were acquired for $32 million, and the company ceased operating.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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