Birchbox gets $15M from inside investors to stay afloat
The original subscription service needs a lifeline.
Birchbox, the once-buzzy beauty startup, raised $15 million in additional funding from current investors in an effort to stave off a cash flow problem, Recode reported.
The money is needed to shore up the company after two rounds of layoffs this year and a $60 million investment in 2014 that pressured the startup to operate at a higher level than it was quite prepared for.
The company, founded in 2010, was the first to master the su
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