April 2nd, 2025
CaaStle is a startup that started in 2011 as a subscription service for plus-sized clothing. In 2018, it changed to help clothing retailers make money from their inventory. Now, it is having financial problems, according to Axios.
The company is running out of money, CEO Christine Hunsicker has resigned, and the police are looking into claims of financial issues, Axios reported, mentioning a letter from the board.
CaaStle did not reply quickly to a request for comment. TechCrunch found that CaaStle’s job board shows it has no job openings right now, which is usually a bad sign for a startup.
The startup has raised over $530 million in total, with the last funding round being $43 million in 2019, according to PitchBook. While this growth is impressive for many startups, experts told TechCrunch that 2025 might be another difficult year for startups that fail.
April 2nd, 2025
Philippine Midterm Elections End, Duterte Among Candidates
US and China Pause Trade War, Delaying Tariffs for 90 Days
UN Agencies: Israeli Aid Plan Will Endanger Lives in Gaza
Conservative Party Fails in Attempt to Change Presidential Candidate
Saudi Prince Welcomes Trump as US Leader Starts Middle East Trip
UK Government Plans to Reduce Immigration Again
Vietnam Marks 50 Years Since War Ended, Focusing on Peace and Coming Together
Trump to Call Persian Gulf 'Arabian Gulf', Say Officials
Over 90 Dead in Gaza as Israel Plans More Attacks
Lawyers Fight Deportations, Claim Migrants Threaten Libya Return
Create an account to view answers and interact with the community!