SimpleClosure Raises $4M in Seed Funding to Help Startups Shut Down

The company will use the funds to expand the team across engineering, product and go-to-market functions.

Published on Feb. 27, 2024
SimpleClosure Raises $4M in Seed Funding to Help Startups Shut Down
A laptop open on a desk with the SimpleClosure website pulled up.
Image: SimpleClosure

SimpleClosure, a business-closure platform, has raised $4 million in seed funding just months after its pre-seed round. Led by Infinity Ventures, the round also saw participation from Anthemis Group, Foxe Capital and existing investors. New angel investors, including executives from companies like Deel and Intuit, also joined the round. 

Founded by Dori Yona, SimpleClosure aims to automate and streamline the process of dissolving a company. In a statement, the company says it’s gained traction since its public launch in September 2023, surpassing seven figures in annualized revenue. The latest funding will help expand the team across product, engineering and go-to-market functions.

SimpleClosure’s platform leverages fintech, artificial intelligence and legal technology to handle company-specific dissolution and closure plans, resolving obligations with customers, state agencies and team members on behalf of the dissolving business. According to the company, a majority of SimpleClosure’s customers, ranging from bootstrapped businesses to well-funded startups, have moved on to build new companies.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

Hiring Now
AdTech • Big Data • Machine Learning • Sales • Analytics