The taxpayer-backed company, which has staged events with Justin Bieber and Duran Duran, could crash into administration as soon as Wednesday, Sky News learns.
A taxpayer-backed events start-up which has sold travel experiences featuring Duran Duran and Justin Bieber is on the brink of collapse just months after raising $150m in fresh funding.
Sky News has learnt that Pollen, which has been scrambling to find a rescue deal for weeks, could crash into administration as soon as Wednesday.Pollen, which is backed by the government's Future Fund, has failed to pay staff as it lurched towards disaster.AdvertisementPollen's backers include some of the biggest names in venture capital investing, such as Northzone and Lansdowne Partners, the hedge fund.
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