Caastle, a new company that started with a plus -size apparel subscription service in 2011, has become a platform for inventory revenue for apparel retailers in 2018 and is facing financial difficulties, Axios said.
CEO Christine Hunsicker resigned, and law enforcement agencies are investigating financial illegal activities.
Caastle did not immediately respond to the request. TechCrunch said the Caastle’s job committee has no disclosure and often has a negative signal for startups.
Startup raised more than $ 550 million, but it raised $ 44 million in 2019, Pitchbook estimates. This can be more explosive than most startups, but experts say it will be another cruel year of a new company that failed 2025 to Techcrunch.
