Stoa layoffs: Proptech startup lays off 80% of workforce after raising USD 300 Million


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US-based proptech startup Stoa has laid off 80 per cent of its workforce after undergoing dramatic cutbacks. The company has raised a total of $300 million since its inception in 2017, with $100 million raised in equity and $200 million raised in debt. Between November 2021 and August 2022, nearly the full amount was raised in less than a year, reports CTech.