Buzzy healthtech startup Vial slashed an entire division weeks before a $67 million raise from General Catalyst. Insiders say they had no idea the layoffs were coming.
Vial CRO and co-founder Andrew Brackin started the company in 2020 after stints at startup Growth and insurance brokerage Newfront. He was also a fellow at the Thiel Foundation in 2013.Vial let go of its entire site network division, 40 to 50 people, last October, Insider has learned.Just a month after the October cuts, the healthtech startup announced a $67 million funding round.
The Fall job cuts were preceded by another round of layoffs in Summer 2022 that affected multiple employees working on regulatory issues, said one former employee. Representatives for Vial did not respond to multiple requests for comment. General Catalyst also did not respond to request for comment.
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