Caastle, A Startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailersIs Facing Financial Difability, Reports Axios.
The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigated alleged Financial Misconduct, AxiOS reported, Citing a Leaked Letter from the Board.
Caastle did not immomediatly respond to a request for comment. Techcrunch Noticed Caastle’s Job Board Says It Currently have no open rolesOften a negative sign for a stetup.
Caastle raised more than $ 530 Million Total, Thought Raised $ 43 Million in 2019, Pitchbook Estimates. While this count be a more involved explosion than most Startups Ever Ever, Experts Told Techcrunch that 2025 is on track to be another brutal year For FAILED Startups.