Fashion startup castlet seems to be in trouble

Caastle and startup launched in 2011 as a plus-size clothing subscription service In 2018, it became an inventory monetization platform for clothing retailersfacing financial difficulties, Report Axios.

The company has little money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported.

Caastle did not immediately respond to requests for comment. TechCrunch noticed what Caastle’s job board is saying now There is no open roleoften a negative indication of a startup.

Caastle raised more than $530 million in total, but last raised $43 million in 2019. This could be a more explosive explosion than most startups have ever endured, but experts say to TechCrunch 2025 is set to be another brutal year For failed startups.