Plastc goes belly up after swiping $9m from backers

Plastc is closing its doors after two failed funding rounds. Early this year, Plastc sought to raise additional capital to kickstart its launch and fulfill preorders. Its first option, a $3.5m Series A round, fell through. The company then snagged a $6.75m offer, only for the investor to back out at the last minute, according to a company spokesman. Read more: