SingleFile, a leading innovator in legal & compliance tech, announced the completion of its Series A funding round at $9 million. This milestone brings the company’s total funding to over $24 million since its founding in 2019 and $15 million in the past year, positioning SingleFile for continued growth and innovation.
The funding round was led by VC firm Foundry Group, with participation from existing investors, such as Pioneer Square Labs, and The LegalTech Fund; and law firms Wilson Sonsini, Cooley, DLA Piper, Fenwick, Perkins Coie, and individual lawyers from the firm K&L Gates. This investment validates confidence in SingleFile’s mission to streamline complex regulatory compliance processes through cutting-edge technology.
With this funding, SingleFile is expanding its senior executive leadership team as it scales for further growth. Mindy Lauck, the new Chief Product Officer, brings a wealth of product and executive leadership experience. And Teresa Kotwis, the new Chief Financial Officer, offers decades of private and public company experience. These additions will help propel the organization toward future milestones.
With the introduction of a comprehensive Corporate Transparencency Act solution last year, SingleFile has rapidly gained traction by providing a comprehensive & intuitive platform that simplifies and accelerates regulatory filings and compliance workflows across multiple government agencies and states. And the platform’s ability to reduce time-consuming manual processes and ensure accuracy in regulatory compliance has resonated with companies seeking efficient solutions.
Since the founding in 2019, SingleFile has supported thousands of businesses, managing tens of thousands of legal entities, in staying compliant while reducing operational complexity. And the company’s focus on customer-centric innovation with personalized service has earned it a reputation as a trusted partner in legal, venture capital, private equity, private wealth and real estate sectors, ultimately anywhere legal entities are used as a part of the organization’s ongoing operations.
KEY QUOTES:
“With the adoption by over 60 law firms (33 AmLaw 200) and more than 4,000 customers, this new round of funding marks a significant milestone for SingleFile as we continue to revolutionize the way businesses and their trusted advisers handle ever increasing and repetitive compliance burdens. With the support of our investors, we are well-positioned to double our investment into our platform’s capabilities, scale our operations and deliver even greater value to our customers.”
– Aaron Finn, CEO of SingleFile
“An important aspect of early-stage venture is to lean in when you see a business really working. SingleFile has the makings of a generational business— a sticky product that’s delivering exceptional value to customers, a strategic distribution model, and best-in-class SaaS metrics. It’s an absolute pleasure to work with this team of seasoned executives and deepen our partnership with SingleFile as they forge the future of compliance tech.”
– Jaclyn Freeman Hester, Partner, Foundry
