CaaStle, a startup that launched in 2011 as a plus-sized clothes subscription service and in 2018 turned a list monetization platform for clothes retailers, is going through monetary difficulties, experiences Axios.
The firm is sort of out of cash, CEO Christine Hunsicker has resigned, and legislation enforcement is investigating alleged monetary misconduct, Axios reported, citing a leaked letter from the board.
CaaStle didn’t instantly reply to a request for remark. TechCrunch observed CaaStle’s job board says it at the moment has no open roles, usually a unfavourable signal for a startup.
The startup raised greater than $530 million complete, although it final raised $43 million in 2019, PitchBook estimates. While this might be a extra concerned explosion than most startups ever endure, specialists informed TechCrunch that 2025 is on observe to be one other brutal 12 months for failed startups.
