(2022-05-05) On Deck Cuts25 Of Staff Scales Back Accelerator Techcrunch

OnDeck cuts 25% of staff, scales back accelerator... has laid off 25% off its staff... 72 people... mostly operations and investing roles were impacted by layoffs.

One of the startup’s newer programs is ODX, an accelerator

Despite this alleged growth, sources close to the company say that ODX is likely going to be scaled back and potentially even shut down. On Deck was originally raising a fund between $100 million and $150 million from Tiger Global, a hedge fund that is breaking into the early-stage market. It appears that On Deck never closed that large of a fund and landed closer to $40 million.

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