Slync, a supply chain software startup, raised $24M through a combination of equity and debt as it seeks to move on from its former CEO, Christopher Kirchner.
The Department of Justice and the Securities and Exchange Commission charged the founder for using $20M in company funds on a private jet, golf tournaments, a luxury suite, and failed bids for English soccer teams.
- In June 2022, reports surfaced that Slync employees had not been paid since May 10.
- The startup also owed "thousands of dollars" to multiple vendors.
- "Slync is cooperating with the government in its investigations and, as a victim of Christopher Kirchner's actions, looks forward to a just resolution of this matter," said the startup's chief marketing officer Greg Kefer.
- The new round was led by recurring investor Goldman Sachs, with participation from Blumberg Capital, among others.
