Here's how the coronavirus has impacted leading female-founded startups:
after raising a $100 million Series D funding round, led by Wellington Capital Management. The funding brought Away's total equity funding to $156 million. that sales had dropped by 90% and that the team could no longer stay intact even though they tried measures like suspending their salaries, reducing the salaries of senior leadership team members and freezing hiring. Away did not respond by the time of publication.
They decided it was necessary to furlough about half of the team and layoff another 10%, according to the Medium post. “This was a devastating decision and one we considered only as a last resort. The pride we once had in the creation of so many opportunities for people is now fear, frustration, and concern for a large number of people who didn’t deserve this outcome. Many of these are people we personally hired, and many more are friends,” they wrote.
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