Recent searches
Search options
Administered by:
BREAKING: CaaStle, a fashion startup who raised over $534 million from VCs, just declared itself broke in "one of the biggest startup frauds ever", per Axios.
Investors are now wiped out after "founder financial misconduct".
All of CaaStle's employees have been furloughed for two weeks, effective today.
Read more: https://t.co/rWj1Mhtb5Y
Unusual Whales - News · CaaStle, a fashion startup who raised over $534 million from VCs, just declared itself broke in "one of the biggest startup frauds ever"All of CaaStle’s employees have been furloughed for two weeks, effective today.
Hunsicker originally launched the company in 2011 under the name Gwynnie Bee, offering a subscription box service focused on plus-sized women’s fashion. Over the next 14 years, she remained in near-constant fundraising mode, securing capital from high-net-worth individuals including Bill Ackman. The company’s board, at various times, included prominent figures such as venture capitalist Ram Shriram and Alphabet chai