SimpleClosure, a company that builds a platform for shutting down a startup, announced it has raised $15 million in Series A funding. TTV Capital led the funding, which includes participation from existing investors Infinity Ventures, Anthemis Global, Foxe Capital, and Vera Equity, new investors The LegalTech Fund and Carta, and additional angels. This new funding round brings SimpleClosure’s total funding to over $20 million.
Since its launch in September 2023, SimpleClosure has significantly scaled its operating efficiencies to meet growing demand and built a talented team combining top R&D talent with legal and dissolution experts.
Value proposition: Startups, VC-backed companies, and businesses of all sizes face mounting pressure from a challenging macroeconomic environment. And global trade tensions and renewed tariffs, combined with rising interest rates and a greater cost of capital, are forcing founders to stretch their runway or focus on critical cost-cutting measures. At the same time, mergers and exits are making investors more cautious in a less-friendly IPO environment. Plus, startups are also grappling with valuation resets after raising at inflated levels during recent boom years.
This trend toward efficient growth over rapid scaling leaves companies that cannot quickly demonstrate sustainability to rethink their strategy entirely, which often includes shutting down.
SimpleClosure was created with a simple but essential mission: to transform the painful and bureaucratic dissolution process so founders can focus on their next project. And the company’s technology automates regulatory paperwork, legal filings, compliance, and investor communications, utilizing AI agents to bring order and transparency to an otherwise time-consuming and confusing process. By combining various technologies, SimpleClosure resolves any obligations with customers, state agencies, and team members on behalf of the dissolving business. Over 1,500 founders from companies of all sizes have wound down their businesses with SimpleClosure.
What the funding will be used for: The new funding round will support the company’s continued growth, including product updates and integrations, to scale the platform and reach more founders and verticals during heightened need.
KEY QUOTES:
“The reality is that 90% of startups don’t make it, and shutting down remains the unspoken but necessary part of entrepreneurship. We hope companies never need us, but if they do, we’re here to help them do it the right way. Day in and out, our team builds with care, urgency, and a deep belief in the impact of what we are creating. This funding will help us grow faster, build smarter, and deliver even more value to the founders who rely on SimpleClosure when it matters most.”
Dori Yona, Founder and CEO of SimpleClosure
“SimpleClosure quickly proved there is high demand for a platform that streamlines company dissolutions, saving businesses both time and money. The company’s strong growth over the past year is a testament to the product that Dori and his team have built — one they wish they had when they were winding down their own startups. We are proud to support the SimpleClosure team as they continue to scale the business and meaningfully address the complexities of shutting down a company.”
Lizzie Hartley, partner at TTV Capital
