Caastle, a commencement launched in 2011 as a plus-size clothing subscription service and in 2018 became a stock monetizing platform for clothing traders, experienced financial problems, Reports axios.

The company is almost not money, CEO Christine Hunsicker resigned, and law enforcement investigated alleged financial misconduct, reports Axios, citing a leaked letter from the council.

Caastle did not immediately respond to a request for comment. TechCrunch noted that Caastle’s Work Council is currently saying that have no open rollsoften a negative sign for a startup.

The boot raised over $ 530 million total, although it raised $ 43 million in 2019, Pitchbook estimated. Although it can be a more involved explosion than most startups ever endure, experts told TechCrunch that 2025 is on track to be another cruel year for failed startups.