Lady Gaga's latest business venture just went bankrupt

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Lady Gaga Launches Social Networking Site Little Monsters

Looks like Lady Gaga got caught in a 'Bad Romance' with the startup business.

What started as a promising venture to help connect her fans, which she so adoringly calls her "Little Monsters," looks like it has flopped for good.

Five years ago, Gaga began funding Backplane, a social network builder that was meant to foster specific niche-based online communities.

Here's a look at some of Gaga's looks throughout the years:

Lady Gaga's different looks through the years
See Gallery
Lady Gaga's latest business venture just went bankrupt
HOLLYWOOD, CA - FEBRUARY 22: Lady Gaga performs onstage during the 87th Annual Academy Awards at Dolby Theatre on February 22, 2015 in Hollywood, California. (Photo by Kevin Winter/Getty Images)
NEW YORK, NY - JUNE 18: Contemporary Icon Award Recipient Lady Gaga performs onstage at the Songwriters Hall Of Fame 46th Annual Induction And Awards at Marriott Marquis Hotel on June 18, 2015 in New York City. (Photo by Michael Loccisano/Getty Images for Songwriters Hall Of Fame)
Lady Gaga and Alexander Wang arrives at the 2015 Metropolitan Museum of Art's Costume Institute Gala benefit in honor of the museums latest exhibit China: Through the Looking Glass May 4, 2015 in New York. AFP PHOTO / TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
HOLLYWOOD, CA - FEBRUARY 22: Recording artist Lady Gaga attends the 87th Annual Academy Awards at Hollywood & Highland Center on February 22, 2015 in Hollywood, California. (Photo by Jason Merritt/Getty Images)
BERLIN, GERMANY - OCTOBER 08: Siger Lady Gaga visits the NBA Global Games Tour 2014 match between Alba Berlin and San Antonio Spurs at O2 World on October 8, 2014 in Berlin, Germany. (Photo by Boris Streubel/Bongarts/Getty Images)
BRUSSELS, BELGIUM - SEPTEMBER 22: Artists Tony Bennett and Lady Gaga attend a press conference about the album 'cheek to cheek' at City Hall on September 22, 2014 in Brussels, Belgium. (Photo by Mark Renders/Getty Images)
WASHINGTON, DC - DECEMBER 07: Lady Gaga walks the red carpet during the 27th Annual Kennedy Center Honors at John F. Kennedy Center for the Performing Arts on December 7, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images)
NEW YORK, NY - SEPTEMBER 05: Lady Gaga attends Samsung GALAXY At Harper's BAZAAR Celebrates Icons By Carine Roitfeld at The Plaza Hotel on September 5, 2014 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Samsung)
US music star Lady Gaga waves upon her arrival at the Narita International airport in Narita, Chiba prefecture on August 12, 2014. Gaga is set to play two nights at the Chiba Marine Stadium in Tokyo on August 13 and 14 before heading to Seoul to perform at the Olympic Stadium on August 16. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit should read TOSHIFUMI KITAMURA/AFP/Getty Images)
NEW YORK, NY - MARCH 28: Lady Gaga arrives at Roseland Ballroom on March 28, 2014 in New York City. (Photo by Theo Wargo/Getty Images)
Lady Gaga arrives at the 2014 Vanity Fair Oscar Party on March 2, 2014 in West Hollywood, California. AFP PHOTO/ADRIAN SANCHEZ-GONZALEZ (Photo credit should read ADRIAN SANCHEZ-GONZALEZ/AFP/Getty Images)
LOS ANGELES, CA - JANUARY 24: Singer Lady Gaga attends The 2014 MusiCares Person Of The Year Gala Honoring Carole King at Los Angeles Convention Center on January 24, 2014 in Los Angeles, California. (Photo by Jason Merritt/Getty Images)
LONDON, UNITED KINGDOM - DECEMBER 08: Lady GaGa attends on day 2 of the Capital FM Jingle Bell Ball at 02 Arena on December 8, 2013 in London, England. (Photo by Stuart C. Wilson/Getty Images)
US pop music star Lady Gaga poses for photographers upon her arrival at Narita Airport, outside Tokyo on November 26, 2013. Lady Gaga is in Japan to promote her latest album 'ARTPOP'. AFP PHOTO/Toru YAMANAKA (Photo credit should read TORU YAMANAKA/AFP/Getty Images)
LOS ANGELES, CA - NOVEMBER 24: Singer Lady Gaga performs onstage during the 2013 American Music Awards at Nokia Theatre L.A. Live on November 24, 2013 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
LOS ANGELES, CA - NOVEMBER 24: Singer Lady Gaga attends the 2013 American Music Awards at Nokia Theatre L.A. Live on November 24, 2013 in Los Angeles, California. (Photo by Jason Merritt/Getty Images)
Lady Gaga arrives for the 2013 Glamour Women of the Year Award at Carnegie Hall November 11, 2013 sponsored by LOréal Paris, to honor courageous and inspiring women who are changing the world. AFP PHOTO / TIMOTHY CLARY (Photo credit should read TIMOTHY CLARY/AFP/Getty Images)
BROOKLYN, NY - NOVEMBER 10: Lady Gaga attends artRave on November 10, 2013 in Brooklyn, New York. (Photo by Bryan Bedder/Getty Images for Benjamin Rollins Caldwell)
NEW YORK, NY - SEPTEMBER 06: Lady Gaga speaks at The Daily Front Row's Fashion Media Awards at Harlow on September 6, 2013 in New York City. (Photo by D Dipasupil/Getty Images for The Daily Front Row)
NEW YORK, NY - AUGUST 19: (EXCLUSIVE COVERAGE. SPECIAL RATES APPLY.) Lady Gaga talks with 'The Morning Mash Up' Live on SiriusXM Hits 1 at SiriusXM Studio on August 19, 2013 in New York City. (Photo by Jamie McCarthy/Getty Images for SiriusXM)
Singer Lady Gaga arrives at Macy'€™s Herald Square in New York on September 14, 2012 to launch her first fragrance, Lady Gaga Fame, released through the singer's own Haus Laboratories in association with Coty. (Photo credit TIMOTHY A. CLARY/AFP/Getty Images)

The company's first venture was her own online community,

Backplane originally raised $12.1M from several venture capitalists, including Google Ventures and $1M of Gaga's own money.

The startup had a promising $40M valuation, but after a whopping $19M in funding over the course of the past five years, it looks like a solid hit and a miss for Backplane.

SEE ALSO: 10 top entrepreneurs share how failure has led them to success

Backplane has now defaulted on its loans, its shares and assets acquired by investors with a plan to reboot the company from the ground up.

But Gaga's not singing any sad tunes just yet—her Born This Way Foundation is still thriving, most recently partnering with Vox Media and Intel on an anti-internet harassment objective called "Hack Harassment".

Check out these other notable entrepreneurs:

Notable recent entrepreneurs
See Gallery
Lady Gaga's latest business venture just went bankrupt
Co-founders of Birchbox, Hayley Barna and Katia Beauchamp attend the opening of the Birchbox flagship store on July 10, 2014 in New York City. (Photo by Cindy Ord/Getty Images for Birchbox)
Rent the Runway co-founders Jennifer Fleiss and Jennifer Hyman attend the 4th Annual Fashion 2.0 Awards at SVA Theater on March 13, 2013 in New York City. (Photo by Astrid Stawiarz/Getty Images)
Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., smiles during a Bloomberg West television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, California, U.S., on Tuesday, Oct. 6, 2015. (Photographer: David Paul Morris/Bloomberg via Getty Images)
Snapchat CEO Evan Spiegel speaks onstage during 'Disrupting Information and Communication' at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 8, 2014 in San Francisco, California. (Photo by Michael Kovac/Getty Images for Vanity Fair)
Square CEO Jack Dorsey, right, poses with co-founder Jim McKelvey in front of the New York Stock Exchange before opening bell ceremonies, Thursday, Nov. 19, 2015. (AP Photo/Richard Drew)
In this March 31, 2015 photo, YouTube personality best known for her make-up demonstrations, Michelle Phan poses for a portrait in New York. Phan launched a digital lifestyle network called ICON. (Photo by Amy Sussman/Invision/AP)
Nic Jammet, Jonathan Neman and Nathaniel Ru are the Co-Founders of SweetGreen in Washington, D.C. on October 17, 2011. Jane Black's November column is about SweetGreen and its efforts to stay true to its roots as it grows to be a regional and national chain. Nic Jammet, the young, charismatic co-founder, who is working hard to make sure that they still feature local products from small farms, even in wintertime. They have gone from 1 store in 2007 to 10 today, including several in the Philadelphia area. (Photo by Marvin Joseph/The Washington Post via Getty Images)
Soylent CEO Rob Rhinehart holds a bag of finished product inside a warehouse in Oakland, California where the company runs its business on September 09, 2013. The 24-year-old software engineer developed Soylent, a homemade nutrient concoction, designed as part meal-replacement drink, part thought experiment, providing every necessary nutrient while challenging societys current perception of nutrition. (Photo credit should read Josh Edelson/AFP/Getty Images)
(L-R) Casper Co-Founders & Chief Executive Officers T. Luke Sherwin, Jeff Chapin, Neil Parikh, and Philip Krim attend Casper's LA celebration at Blind Dragon on July 9, 2015 in West Hollywood, California. (Photo by Rachel Murray/Getty Images for Casper Sleep Inc.)

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