April 3rd, 2025

Fashion Startup CaaStle Seems to Be Facing Problems

Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

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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 3rd, 2025