Bench, a Cloud Accounting Startup, Closes
This is a news story, published by TechCrunch, that relates primarily to Bench news.
Bench news
For more Bench news, you can click here:
more Bench newsbanking & finance news
For more banking & finance news, you can click here:
more banking & finance newsTechCrunch news
For more news from TechCrunch, you can click here:
more news from TechCrunchAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about
Bench. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest cloud accounting software news, revenue news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
venture debtTechCrunch
•Business
Business & Economics
Exclusive: Bench burned through $135 million, but still ran out of money

75% Informative
Bench 's bankruptcy offers a window into the dangers of too much debt for startups.
It burned through $135 million from its founding in 2012 to September 2024 .
By the time of its collapse, Bench was forced to shut down due to a “liquidity crisis,” the records say.
VR Score
74
Informative language
70
Neutral language
56
Article tone
formal
Language
English
Language complexity
35
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links