SimpleClosure launched in 2023 to simplify startup shutdowns. The company has raised over $20 million and introduced Asset Hub to help monetize residual assets.
SimpleClosure helps failing startups close their businesses through a managed platform. The service handles legal filings, tax compliance, and asset recovery, streamlining the shutdown process.
SimpleClosure announces a $15 million Series A, with Carta joining as an investor after retiring its own startup-winddown offering. TTV Capital leads the round, which also includes existing investors Infinity Ventures, Anthemis, and Vera Equity, plus new investors The LegalTech Fund and unnamed angel investors. SimpleClosure’s revenue grows 12-fold in 2024, according to founder Dori Yona.
SimpleClosure sees a boom in helping fellow startups wind down with peace of mind. Its platform streamlines shutdown paperwork, payroll, tax compliance, and asset recovery, helping startups manage key administrative tasks as they close.
