Events start-up Pollen heads into administration
The company's parent firm Streetteam has called in insolvency specialist Kroll after failing to find a buyer
News By James Hanley | 10 August 2022
UK-based music, travel and experiences start-up Pollen has fallen into administration, just three months after raising US$150m in new funding. The embattled firm’s parent company Streetteam Software Limited has called in insolvency specialist Kroll to “administer its restructuring”.
“The management team have been in ongoing negotiations with a potential buyer for the parent company but have been unable to agree to terms in an appropriate time frame, leaving the board and shareholders agreeing the best option is to…
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